Bihar State Road Transport Corporation abbreviated as (BSRTC) is a state-owned road transportation company in Bihar.[4] It was set up in 1959 under the provisions of Road Transport Corporation Act, 1950. It is wholly owned by the Government of Bihar. In year 2020 Chief Minister of Bihar inaugurated Pataliputra Bus Terminal commonly known as ISBT, Patna. It is the first ISBT of Bihar.
History
Prior to May 1959, road transport services in Bihar were managed by Rajya Transport, which was set up in the year 1953 with the nationalisation of some routes in the state. Rajya Transport and Communication, Government of Bihar and was departmentally administered till it was transferred in May 1959 to Bihar State Road Transport Corporation (BSRTC), a statutory corporation created under the provisions of the State Road Transport Corporation Act, 1950.
Total capital invested in BSRTC till March 1983 was ₹53.9 crores out of which ₹24.77 crores was the share capital of the state government and ₹465 crores loans from the same source, while ₹24.48 crores was contributed from other sources in the shape of shares and loans. Investment in BSRTC was second largest investment made by the Bihar Government, after Bihar State Electricity Board.[5]