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Union Cabinet approves Rs 34.35 billion PM-eBus Sewa scheme for electric buses

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The Union Cabinet has approved the “PM-eBus Sewa-Payment Security Mechanism (PSM) scheme” with an outlay of Rs 34.35 billion. The scheme aims to support the procurement and operation of over 38,000 electric buses (e-buses) from FY 2024-25 to FY 2028-29, with a 12-year operational period from deployment. Currently, most buses operated by Public Transport Authorities (PTAs) run on diesel or CNG, contributing to environmental pollution. E-buses, being eco-friendly and cost-efficient, are a more sustainable option….