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Centre approves Rs 3,435 crore scheme for procurement and operation of public electric buses
The Centre has approved the PM-eBus Sewa-Payment Security Mechanism scheme with an allocated budget of Rs 3,435.33 crore for deploying over 38,000 electric buses from 2024-25 to 2028-29. The initiative aims to reduce greenhouse gas emissions and fossil fuel consumption by supporting public transport authorities through a dedicated fund ensuring timely payments.
The Centre has approved the PM-eBus Sewa-Payment Security Mechanism scheme with an allocated budget of Rs 3,435.33 crore for deploying over 38,000 electric buses from 2024-25 to 2028-29. The initiative aims to reduce greenhouse gas emissions and fossil fuel consumption by supporting public transport authorities through a dedicated fund ensuring timely payments. 
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