J&K transport sector generates over Rs 964 cr in 2024-25, reveals government data
Srinagar, Apr 09 (KNO): The transport sector in Jammu and Kashmir has recorded impressive revenue figures for the financial year 2024–25, with total earnings reaching Rs 964 crore, according to official data.
Information obtained by the Kashmir News Observer (KNO) shows that the Motor Vehicle Department (MVD) contributed significantly by generating Rs 782.67 crore in revenue up to January 2025. In contrast, the department’s expenditure during this period was just Rs 20.23 crore, highlighting a substantial net profit.
The Jammu and Kashmir Road Transport Corporation (JKRTC), covering the period from April 2024 to December 2024, reported earnings of Rs 181.31 crore (Rs 1813.11 lakh) and an expenditure of Rs 115.69 crore (Rs 11569.25 lakh).
Meanwhile, the Jammu and Kashmir Road Transport Corporation (JKRTC) recorded an even more impressive revenue collection. From April 2024 to December 2024, the JKRTC amassed Rs 1813.11 lakh in revenue, while the expenditure during this period stood at over Rs 115.69 crore.
The data suggests a healthy financial state for the transport sector, with a joint revenue (MVD + JKRTC) touching Rs 964 crore, while the expenditure is 135.92 crore and the net surplus is Rs 828.08 crore—the data was disclosed in a written response to a query raised by MLA Thakur Randhir Singh.
In response to another question regarding parameters for starting a new bus service, the minister in charge said that multiple factors are considered, including regulatory approvals, logistics, route surveys, road connectivity, public demand, and financial feasibility. Additionally, population size and availability of transport in a given area play crucial roles — (KNO)
