Ministry of Heavy Industries
azadi ka amrit mahotsav

Scheme outlay of FAME India Scheme Phase II enhanced from ₹10,000 crore to ₹11,500 crore

Posted On: 09 FEB 2024 6:25PM by PIB Delhi

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.

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BY/TFK



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