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PME-DRIVE Scheme is implemented by which ministry?
Ministry of New and Renewable Energy
Ministry of Power
Ministry of Heavy Industries
Ministry of Road Transport and Highways
Ministry of Heavy Industries
The Ministry of Heavy Industries implements the PM E-DRIVE Scheme with a total financial outlay of 10,900 crore rupees to promote electric vehicle adoption in India.
The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme was introduced to accelerate the transition to electric mobility and build a robust charging infrastructure. The government recently extended the implementation timeline of the scheme from two years to four years, now covering the period from October 1, 2024, to March 31, 2028. This move aims to provide sufficient time for the deployment of e-buses and e-trucks while ensuring the growth of the domestic EV manufacturing ecosystem through 'Make in India' initiatives. The program is fund-limited, ensuring strict financial oversight of the 10,900 crore rupee allocation.
Scheme Full Name: PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE)
Implementing Ministry: Ministry of Heavy Industries
Total Financial Outlay: 10,900 crore rupees
Implementation Period: October 1, 2024, to March 31, 2028
Key focus areas: Electric two-wheelers, three-wheelers, e-ambulances, and e-buses
C is correct тАФ The Ministry of Heavy Industries is the nodal authority administering the 10,900 crore rupee PM E-DRIVE Scheme to scale up electric vehicle manufacturing and adoption by March 2028.
Remember that while the Ministry of Power handles grid infrastructure and charging standards, the Ministry of Heavy Industries handles the direct demand-side subsidies and manufacturing support for electric vehicles under the PM E-DRIVE scheme.