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Delhi joins central government’s e-bus payment security scheme
Mint New Delhi
|February 13, 2026
The national capital, India's largest market for electric buses, has been included in the PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme that has already onboarded 15 Indian states, two government officials aware of the development said.
The Centre has also released the first tranche of ₹500 crore for the ₹3,435.33-crore scheme, envisioned to provide payment security in the event of default by public transport authorities (PTAs) to e-bus bidders, operators, or original equipment manufacturers, the people added, on the condition of anonymity.
The heavy industries ministry's October 2024 scheme aims to accelerate the deployment of 38,000 e-buses.
Mint reported on 25 November 2025 that the 2,800 e-buses allocated to Delhi under the ₹10,900 crore PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) Scheme were in limbo, as the Delhi government had not completed the process of obtaining a direct debit man-
Denne historien er fra February 13, 2026-utgaven av Mint New Delhi.
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