Ramalinga Reddy Leads Compensation Distribution Program Ensuring Financial Security for Families
Bengaluru: Ramalinga
Reddy, Minister of Transport of Karnataka, took the lead in organizing a
compensation distribution program at the Karnataka State Road Transport
Corporation (KSRTC) Head Office in Bengaluru on Wednesday, prioritizing the
welfare of its employees and passengers alike.
Under the
Transport Insurance Rs. 1 Crore Accident Compensation Insurance Scheme, KSRTC
led the initiative to provide substantial financial security to the
families of its employees. Seventeen families were granted Rs. 1 crore each in
accident compensation, with a total of Rs. 1 crore already disbursed to 13
families and an additional four families receiving the compensation today.
To alleviate
the hardships faced by the families of deceased employees, KSRTC enhanced its
compensation scheme under the Employees' Family Welfare Compensation Scheme.
Increasing the compensation amount from Rs. 3 lakhs to Rs. 10 lakhs, KSRTC
demonstrated its commitment to supporting the families of its workforce. A
total of 39 families have benefitted from this scheme, with 23 families
receiving Rs. 10 lakhs each in recent months.
Furthermore,
in alignment with its dedication to passenger safety, KSRTC amplified the
compensation amount for passengers unfortunate enough to lose their lives in
accidents while traveling in KSRTC vehicles. Under the revised scheme, each of
the four deceased passengers received Rs. 10 lakhs in compensation.
Reddy highlighted
the importance of judiciously utilizing the compensation amount for the
betterment of the families, particularly for children's education and housing.
Praising the
efforts of KSRTC's employees and officials, Chairman of K.R.R.S.A Corporation, Srinivas
Gubbi, reiterated the significance of providing adequate facilities to the hardworking
staff.