A Comparative Study on Financial Performance of (KSRTC) (Karnataka) and (TNSTC) and the Impact of Government Welfare Scheme on Them

The state government of India has its own transportation, they have their and flagship and welfare programs. Although the government is having policies and welfare programs, they have a huge impact on the financial statements of the state transportation. This study aims to compare and contrast the financial performance of Karnataka State Road Transport Corporation (KSRTC) and Tamil Nadu State Transportation Corporation (TNSTC) for the fiscal years 2019-20, 2020-21, and 2021-22. The study investigates the present condition of the state buses and its operating cost. The study focuses on revenue generation, expenditure patterns, funding sources, welfare programs, and debt loads. This study also presents the genesis and development of SRTUs in India, analyses the performance of KSRTC, TNSTC, examines strategies for turnaround, identifies top-level change agents, and suggests policy measures for effective functioning. This paper offers explanations for why their financial performance is excellent or poor, as well as recommendations for state transportation agencies operating at a loss to become profitable like KSRTC.