Cabinet Approves Rs. 3,435 Crore e-Bus Scheme
The Union Cabinet, led by Prime Minister Modi, has approved the "PM-eBus Sewa-Payment Security Mechanism (PSM)" scheme with a budget of Rs. 3,435.33 crore to deploy over 38,000 e-buses from FY 2024-25 to FY 2028-29. This initiative will support PTAs in procuring and operating e-buses through a Gross Cost Contract model, addressing payment concerns and reducing environmental impact.
Also Read PIB