FAME India scheme Phase II Flashcards
1
Q
Which ministry is incharge of FAME India scheme ?
A
Ministry of Heavy Industries
2
Q
Why is it in news ?
A
The Phase II of the scheme will end by 31st Mar 2024, but the outlay has been increased
Note: The scheme end date also might be extended
3
Q
What is the full form of FAME ?
A
Faster Adoption and Manufacturing of Hybrid and electric vehicles in India
4
Q
What happens under FAME scheme ?
A
The Govt gives subsidies for buying electric 2W or 3W or 4W or even buses
Target – Subsidies for:
a) 10 lakh 2 wheeler
b) 5 lakh 3 wheelers
c) 55000 4 wheelers
d) 7000 Buses
