FAME-II Scheme
- Budgetary support: Increased from Rs. 10,000 Crores to ₹11,500 Crores on Feb 9, 2024.
- Implementing Agency: Department of Heavy Industry, Ministry of Heavy Industry and Public Enterprises.
- Aim: To incentivise the purchase of electric vehicles and establish the necessary charging infrastructure.
- Target: Encouraging the adoption of 7,090 eBuses, 5 lakhs e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars, and 10 lakh e-2 Wheelers.
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Benefits
- Electric two-wheelers, three-wheelers, and four-wheelers can receive subsidies totalling ₹7,048 crores under the revised scheme.
- An allocation of ₹4,048 crore is set aside for grants to create capital assets.
- Additionally, ₹400 crore is earmarked for the others category under FAME-II.
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