September 16, 2024 3:26 PM

Union Cabinet approves ₹3,435 crore PM-eBus Sewa scheme to boost electric bus adoption

The Union Cabinet has approved the "PM-eBus Sewa-Payment Security Mechanism (PSM) Scheme." This initiative is aimed at aiding Public Transport Authorities (PTAs) in procuring and operating electric buses (e-buses), with a financial outlay of ₹3,435.33 crore. Under the scheme, more than 38,000 e-buses are set to be deployed between FY 2024-25 and FY 2028-29. These buses will receive operational support for up to 12 years from their date of deployment. Currently, many PTAs rely on diesel or CN...