Scheme outlay of FAME India Scheme Phase II enhanced from ₹10,000 crore to ₹11,500 crore
Scheme outlay of FAME India Scheme Phase II enhanced from ₹10,000 crore to ₹11,500 crore
To give a further push to clean mobility in the country, the Ministry of Heavy Industries has announced that the scheme outlay of FAME India scheme Phase II has been enhanced from ₹10,000 crore to ₹11,500 crore under FAME India scheme Phase II.
The details of Subsidies for Demand Incentive and Grants for Creation of Capital Assets is as under : –
Category
Revised outlay
(Rs. Crore)
e-2W
5,311
e-3W
987
e-4W
750
Total for Subsidies (A)
7,048
e-Buses
3,209
EV PCS
839
Grants for creation of capital assets (B)
4,048
Others (C)
404
Total (A+B+C)
11,500
Further, while enhancing the scheme outlay by of ₹1,500 crore thereby making it ₹11,500 crore scheme from ₹10,000 crore, it is hereby informed that the scheme is fund and term limited scheme i.e. the subsidies for demand incentive will be eligible for e-2w, e-3w and e-4w sold till March 31, 2024 or till the time funds are available, whichever is earlier.