Question : Which of the following would finance 350 electric buses in Uttar Pradesh ?
a. PFC
b. PTC
c. STC
d. None of the above
Ans. a.
Related facts —
- State-owned Power Finance Corporation(PFC) on December 15 said it will lend Rs 275 crore for deployment of 350 electric buses across nine cities in Uttar Pradesh.
- Agreement —
- An agreement to this effect was signed between PFC and GreenCell Mobility(an e-mobility platform supported by governments of India and the UK) to boost adoption of electric vehicles in the country.
- Cities —
- The buses will be deployed in key cities of UP including Agra, Meerut, Aligarh, Bareilly, Ghaziabad, Mathura, among others.
- FAME-II scheme —
- It is noteworthy that the Centre has launched FAME-II scheme with an allocation of Rs 3,500 crore for promotion of adoption of electric buses.
- Significance —
- Electric buses offer sustainable mobility solutions by tackling challenges of poor air quality and also reducing carbon footprints of the nation.