New Delhi, April 29 -- The heavy industries ministry is mulling ways to help private bus and truck operators finance electric vehicles, through loan guarantee schemes and interest subsidies, as the government tries to spread its clean-mobility push beyond state-run fleets to the commercial sector that dominates the country's roads.

Mint reported on 4 January that the scheme could be rolled out in 6-12 months.

Key support mechanisms under consideration included Partial Credit Guarantee schemes to de-risk lending by financial institutions, as well as Interest Subvention mechanisms aimed at reducing the cost of borrowing for private sector buyers, the ministry said in a statement.

The private sector assumes importance here, since it opera...