Union Minister for Heavy Industries and Steel H. D. Kumaraswamy has said that the recently approved Prime Minister eBus Sewa-Payment Security Mechanism (PSM) scheme will support the deployment of more than 38,000 electric buses (e-Buses) from the financial year 2024-25 to the financial year 2028-29. Briefing the media, Mr Kumaraswamy said that the Union Cabinet chaired by Prime Minister Narendra Modi has approved the scheme for procurement and operation of e-buses by Public Transport Authorities (PTAs) with an outlay of Rs 3,435.33 crore.
