PM E-DRIVE scheme: Centre targets 5-day turnaround for EV subsidy claims

Under the PM E-Drive initiative, MHI offers a subsidy of Rs 5,000 per kWh of battery capacity for e2Ws, capped at Rs 10,000 per vehicle for FY25

The Ministry of Heavy Industries (MHI) is working to expedite the disbursement process for electric vehicle (EV) subsidies under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) initiative.

 

It aims to reduce the processing time from the current 40 days to just five. This change comes in response to a backlog of claims, particularly for electric two-wheelers (e2Ws), a senior government official said.

 

Currently, there are 126,000 claims in process for 2024-25, with 109,000 of these claims related to e2Ws, of a total of 893,000 claims. The subsidy claims submitted for e2Ws through the Public Financial Management