![azadi ka amrit mahotsav](https://static.pib.gov.in/WriteReadData/specificdocs/photo/2021/aug/ph202183101.png)
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