Cabinet Approves PM-eBus Sewa-Payment Security Mechanism (PSM) Scheme:
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of INR 3,435.33 crore. This initiative is designed to promote the deployment and operation of electric buses (e-buses) by Public Transport Authorities (PTAs) from FY 2024-25 to FY 2028-29
