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Apr 19, 2021, 11:28 IST
AMARAVATI: The Andhra Pradesh government has decided to provide affordable financing options to government employees working in the state to purchase electric scooters.
According to the Department of Energy, Non-
Conventional Energy Development Corporation of Andhra Pradesh (NEDCAP) has come up with a plan for this in collaboration with Central government agencies such as National Thermal Power Corporation Limited (NTPC) and Energy Efficiency Services Limited (EESL).
The government has chalked out a plan wherein financial institutions will offer loans at cheaper interest rates to government staff, enabling them to buy electric two-wheelers. The state government has invited bids from the Original Equipment Manufacturer (OEMs) to offer electric two-wheelers under attractive equated monthly instalments.