PM E-BUS SERVICE-PSM SCHEME

Posted On: 17 MAR 2026 4:47PM by PIB Delhi A total of 23,800 electric buses have been sanctioned under the PM E-DRIVE Scheme of MHI and PM-eBus Sewa Scheme of MoHUA. With specific reference to Dumka in Jharkhand, no demand for allocation of e-buses under the PM-eBus Sewa Scheme has been received from the concerned state authority. List of sanctioned buses under PM e-Bus Sewa scheme and Pm e-Drive scheme is provided in the Annexure . A total of 123 Nos. of cities across 27 States/UT’s have adopted the said scheme. Specifically, a total of 48 Public Transport Authorities ( PTAs ) have issued LoA to the concerned operators/OEMs within 62 cities as on 12.03.2026. To deter repeated payment defaults, the Payment Security Mechanism requires PTAs to repay the full amount released to OEMs/operators from the Scheme fund within a strict 90‑day period. During this period, a Late Payment Surcharge (LPS) accrues at a rate equivalent to SBI’s prevailing three‑year MCLR plus 1% per annum, compounded annually. The LPS is calculated from the date the amount is disbursed to OEMs/operators until the date therepayment is received from the respective PTA, State Government, or Union Territory, there by creating a financial deterrent against delayed or repeated defaults. If the PTA fails to repay the disbursed amount with (Late Payment Surcharge) LPS within 90 days, MHI will request RBI to invoke the Direct Debit Mandate (DDM). RBI shall debit the State Government/UT account and credit the Scheme Fund, including the applicable LPS. PTAs shall maintain an Escrow Account as stipulated in the Concession Agreement (CA). Any delay or non‑payment arising from insufficient funds in the Escrow Account shall constitute a &ldquo;Default by PTA,&rdquo; which will be reported to CESL. Upon a valid PSM Request, CESL may disburse the approved amount from the Scheme Fund to the Escrow Account. If the PTA fails to repay the disbursed amount with LPS within 90 days, MHI will request RBI to invoke the Direct Debit Mandate (DDM). RBI shall debit the State Government/UT account and credit the Scheme Fund, including the applicable LPS. This structured mechanism enables CESL to manage financial risk exposure while making payments on behalf of defaulting PTAs. Annexure 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-align