Interest subvention plan for e-vehicles
- The interest subvention on loans on the purchase of electric vehicles in the particular category will be in addition to the purchase incentive of ₹30,000 and scrapping incentives of up to ₹7,500 provided under the Delhi government’s EV Policy, the transport department said in a statement.
The Delhi government on Wednesday signed an agreement with Convergence Energy Services Limited (CESL) for providing 5% interest subvention on loans for the purchase of electric rickshaws, autos, carts and light goods vehicles. It also signed an MoU with the firm for the installation of charging and battery swapping stations at cluster bus depots.
The interest subvention will help not just individual buyers but also fleet owners deploying vehicles for e-commerce, grocery or delivery industry, Delhi transport minister Kailash Gahlot said on Wednesday.
The interest subvention on loans on the purchase of electric vehicles in the particular category will be in addition to the purchase incentive of ₹30,000 and scrapping incentives of up to ₹7,500 provided under the Delhi government’s EV Policy, the transport department said in a statement. Through the scheme, an electric auto and electric light commercial vehicle will be able to avail up to ₹25,000 additional benefit, the statement said.
Currently, the rate of interest on EVs varies from 25-30% for some vehicle segments which makes owning an electric vehicle a cost-intensive proposition, it said. “The empanelled financial institutions will provide loans with a minimum 80% loan-to-value at interest rates of a maximum of 20% (including the interest subvention) for a loan tenure which is in the best interest of the buyer,’’ the statement said.
Gahlot said CESL has also agreed to procure, install, operate and maintain charging units and related infrastructure at 14 cluster bus depots at its own facility costs and expenses.
The Ferozepur police in a joint operation with the Border Security Force recovered five packets containing 3.5 kilograms of heroin, which were allegedly airdropped by a drone, in the wee hours of Thursday. The SSP said BSF personnel of the 136 Battalion noticed a drone in the area under Maboke border outpost late at night. They fired at the aerial device, but it managed to return to the Pakistan territory after dropping some material.
The Maharashtra government and the Centre were engaged in a battle over the proposed car depot plot in Kanjurmarg, thus delaying the 33-km underground metro project. Former CM Uddhav Thackeray-led MVA government decided to shift the metro depot out of Aarey colony, following protests by activists against construction in one of few remaining green spots in Mumbai.
Sri Ram Janmabhoomi Tirath Kshetra Trust is studying management of prominent temples across the country to make sure it provides better facilities to devotees who come to Ram Mandir in Ayodhya. A team constituted by the Trust will study temple management systems of prominent temples including Golden temple, Tirupati Balaji, Vaishno Devi, Jagannath Puri and other temples of south India.
The police may soon question two former members of the legislative assembly (MLAs) after scanning the call details of Javed Mohd aka Javed Pump, the alleged key facilitator of the June 10 Atala violence. Javed was arrested by the police the very next day of the incident. Police officials said apart from political persons and MLAs, Javed's call records show that he also spoke to some traders, social activists and other individuals.
A special flight ferrying a group of 11 Afghan Sikhs arrived at New Delhi from Kabul on Thursday. Besides Raghbir Singh, who was injured in the Karte Parwan Gurdwara attack in Kabul on June 18, the Afghan carrier Kam Air flight was ferrying the ashes of Sawinder Singh, who was killed in the terror attack. Sawinder Singh ran a “paan” shop in Kabul and lived in the gurdwara.