FAME India Scheme Current Affairs

Government extends Phase-1 of FAME-India scheme by 6 months

Ministry of Heavy Industries and Public Enterprises has extended Phase-1 of FAME India Scheme to provide financial support to electric and hybrid vehicles by another six months till 30 September 2018 or till launch of phase-II. FAME India Scheme stands for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles.

The subsidy amount is yet to be decided but it will be sufficient for next six months. Earlier phase-I of FAME India Scheme was initially for two years viz. FY2015-16 and FY2016-17. But it was further extended for period of six month (till 31 March 2018) or till launching of Phase-II

FAME-India scheme

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was launched in 2015 under National Electric Mobility Mission (NEMM). It aims at promoting eco-friendly vehicles in the country. The scheme is being administered by the Heavy Industries Ministry.

Objectives

  • Provide fiscal and monetary incentives for adoption and market creation of both hybrid and electric technologies vehicles in the country.
  • Incentivise all vehicle segments, including two-wheelers, three wheeler auto, passenger four-wheeler vehicle, light commercial vehicles and buses.

Mandate: Support hybrid or electric vehicles market development and its manufacturing eco-system in country in order to achieve self-sustenance in stipulated period. It covers hybrid and electric technologies like a strong hybrid, plug-in hybrid and battery electric vehicles.

Four focused areas: Technology development, demand creation, pilot projects, and charging infrastructure.

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Karnataka receives approval for purchase of electric vehicles under FAME India scheme

The Department of Heavy Industries (DHI) of Union Government has given its approval to Karnataka government for purchase of electric vehicles (EVs) under FAME India subsidised scheme.

The state will purchase 40 electric buses, 100 four wheelers and 500 three wheelers at maximum of 60% subsidy under the scheme. The subsidy support is also provided for setting up electricity charging infrastructure across state capital Bengaluru. The EVs will ply in city as public transport which will protect environment, save fossil fuel and ensure public health.

FAME India Scheme

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was launched in 2015 under the National Electric Mobility Mission (NEMM) aims at promoting eco-friendly vehicles in the country. It is being administered by the Heavy Industries Ministry.

The objective of scheme is to provide fiscal and monetary incentives for adoption and market creation of both hybrid and electric technologies vehicles in the country. It also aims at incentivising all vehicle segments, including two-wheelers, three wheeler auto, passenger four-wheeler vehicle, light commercial vehicles and buses.

The scheme covers hybrid and electric technologies like a strong hybrid, plug-in hybrid and battery electric vehicles. Its mandate is to support hybrid or electric vehicles market development and its manufacturing eco-system in country in order to achieve self-sustenance in stipulated period.

Tags:

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