GK and monthly revision

Centre plans Rs 12,000 crore incentive scheme to spur private electric bus adoption

The Indian government is set to introduce a ₹12,000 crore incentive scheme aimed at promoting the adoption of electric buses by private fleet operators. This initiative is crucial as it seeks to deploy 50,000 electric buses over the next decade, thereby encouraging substantial private investment in the electric vehicle sector. The scheme could include various financial incentives like interest subvention and capital subsidies, reflecting successful public transport initiatives.