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12 states, UTs support e-bus payment plan
Mint New Delhi
|October 18, 2025
PM E-bus Sewa PSM scheme plans to build confidence in e-bus makers
In case of defaults, the government will use the fund created under the PSM scheme to compensate bus makers and operators.
(PTI)
Only 12 states and Union territories—Gujarat, Karnataka, Rajasthan, Punjab, Telangana, Andhra Pradesh, Madhya Pradesh, Meghalaya, Maharashtra, Uttarakhand, Odisha and Jammu & Kashmir—out of 36 have deposited the payment security mandate with the Reserve Bank of India (RBI) under the Union government's PM E-bus Sewa payment security mechanism (PSM), according to two people aware of the development.
The PM E-bus Sewa PSM scheme plans to build confidence in e-bus makers and operators to deploy more than 38,000 zero-emission buses on the roads.
Dit verhaal komt uit de October 18, 2025-editie van Mint New Delhi.
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