IMPLEMENTATION OF PM eBUS SEWA PAYMENT SECURITY MECHANISM SCHEME

Posted On: 17 MAR 2026 4:51PM by PIB Delhi PM e-Bus Sewa&ndash;PSM Scheme was notified on 28.10.2024. The details of implementation progress is as below: Scheme guidelines and Standard Operating Procedure (SOPs) have been published. 19 States/UTs have submitted the Direct Debit Mandate (DDM) to Reserve Bank of India as on 12.03.2026. As on 28.02.2026, Tender for 6,228 number of buses were concluded under PM-eBus Sewa Scheme of MoHUA. Letter of Award for 4720 buses have been issued by Public Transport Authorities (PTA). Tender for 10,900 buses under PM E-DRIVE scheme are concluded and tender for 2,900 buses is under progress. Rs. 500 crore has been disbursed to CESL in the first tranche to set up the PSM Fund in FY 2025-26. List of sanctioned buses under PM e-Bus Sewa scheme and PM e-Drive scheme is provided in the Annexure 1 . The total amount sanctioned and spent for the infrastructure proposals (Behind-the-Meter power infrastructure and Civil Depot Infrastructure) till December 2025 is Rs 1254.38 crore and Rs. 483.70 crore respectively under the Scheme. The details of the state-wise amount sanctioned are provided in Annexure-2. The timeline for deployment varies from tender to tender. However, typically the deployment timeline for buses is considered to be two (2) years from the date of signing of the Concession Agreement between the PTA and the OEM. The PSM Scheme provides payment security coverage for a period of up to 12 years for each bus deployed under the Scheme. The scheme provides the State with a 90‑day window to repay the disbursed amount along with applicable Late Payment Surcharge (LPS), thereby reinforcing financial stability for the State Transport Undertaking under the Payment Security Mechanism. Annexure-1 S.No State Cities Sanctioned Buses 1 Gujarat Surat 600 Ahemdabad 1,200 2 Karnataka Bengaluru 4,500 3 Maharashtra Mumbai 1,500 Pune 1,000 4 Telangana Hyderabad 2,200 5 Delhi Delhi 2,800 A Total (PM E-DRIVE) 13,800 S.No. State Cities Sanctioned Buses 1 Andhra Pradesh Amaravati 50 2 Anantapur 50 3 Guntur 100 4 Kadapa 50 5 Kakinada 50 6 Kurnool 50 7 Nellore 100 8 Rajahmundry 50 9 Tirupati 350 10 Vijayawada 100 11 Visakhapatnam 100 12 Gujarat Bhavnagar 100 13 Gandhidham 50 14 Navsari 50 15 Gandhinagar 100 16 Jamnagar 50 17 Junagadh 50 18 Rajkot 100 19 Vadodara 250 20 Madhya Pradesh Bhopal 195 21 Indore 270 22 Jabalpur 200 23 Sagar 32 24 Gwalior 100 25 satna 20 26 Dewas 55 27 Ujjain 100 28 Maharashtra Ahilyanagar 40 29 Akola 50 30 Amravati 50 31 ChatrapatiSambhajinagar 100 32 Bhiwandi 100 33 Chandrapur 50 34 Dhule 28 35 Ichalkaranji 25 36 Jalgaon 50 37 KalyanDombivli 100 38 Kolhapur 100 39 Latur 50 40 Mira Bhainder 100 41 Nagpur 150 42 Nashik 100 43 Sangli 50 44 Solapur 100 45 Thane 100 46 Ulhasnagar 100 47 Vasai Virar City 100 48 Malegaon 26 49 Prabhani 40 50 Meghalaya Shillong 55 51 Odisha Sambalpur 50 52 Berhampur 50 53 Bhubaneswar 100 54 Rourkela 100 55 Cuttack 100 56 Puducherry Puducherry 75 57 Rajasthan Ajmer 100 58 Alwar 100 59 Bhilwara 50 60 Bikaner 125 61 Jaipur 450 62 Jodhpur 125 63 Kota 100 64 Udaipur 50 65 Sikhar 50 66 Uttrakhand <p style="text