Ministry of Heavy Industries
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
(Release ID: 2004594)
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