NREDCAP formulates scheme to provide e-bikes to govt. employees on EMI
The Hindu
Beneficiaries need not make any down payment, say officials
Electric vehicles may rule the roads in the State during the next three to four years, if the plans of the New and Renewable Energy Development Corporation of AP (NREDCAP) are any indication. The NREDCAP has formulated a scheme to provide electric two-wheelers to government employees on EMI (Equated Monthly Instalment) basis. The beneficiaries need not make any down payment and the EMIs can be for periods ranging from 24 to 60 months. The EMI amount would be between ₹2,000 and ₹2,500, which includes the Annual Maintenance Cost (AMC) of the vehicle for three years. The maximum speed of the vehicle would be between 40 and 100 km/hr, based on the model and brand chosen by the beneficiary.
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