PM to launch FAME India II on Sept 7


Team Udayavani, Aug 26, 2018, 11:34 AM IST

New Delhi: Prime Minister Narendra Modi will launch here on September 7 the second phase of the FAME India scheme offering incentives for mass adoption of electric vehicles with an outlay of Rs 5,500 crore, officials said.

The modalities of the scheme have been finalised by an inter-ministerial panel and it will soon be placed before the union Cabinet for approval, sources said, adding that the prime minister would unveil the scheme at the inaugural session of the ‘MOVE’ — a global mobility summit to be organised here on September 7-8 — in the presence of several global CEOs from the automotive sector.

In April, the government had extended the phase 1 of the FAME India scheme by six months till September-end or till its second phase is approved. The first phase of the scheme was initially proposed for two years till March 31, 2017 but was extended twice for six months up to March 31, 2018.

The second phase of the scheme spanning five years will offer subsidy to all categories of electric vehicles, including two-wheelers, three-wheelers and four-wheelers including taxis and electric buses used in public transportation, to promote green vehicles and check pollution. It will also envisage setting up massive charging infrastructure to support electric vehicles, senior officials said.

However, strong hybrid vehicles, which were entitled to incentives in the ongoing pilot phase of the scheme, will not be able to avail sops in the second phase.

At present, the incentive is being offered on purchase of strong hybrid and electric cars, two-wheelers and three-wheelers under the Faster Adoption and Manufacturing of (Strong) Hybrid and Electric vehicles in India (FAME India-I) scheme.

Under the scheme, depending on technology, battery-operated scooters and motorcycles are eligible for incentives ranging between Rs 1,800 to Rs 29,000, while in three-wheelers it is between Rs 3,300 and Rs 61,000.

Automotive manufacturers claim the incentive from the government at the end of each month.
With an aim to promote ecofriendly vehicles, the government had launched the FAME India scheme in 2015. The ongoing pilot phase of the scheme was earlier extended till September this year or until its second phase is approved.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka sets up panel for internal reservation among STs

Maharashtra Assembly Elections 2024 | Congress in clutches of urban naxals, became puppet of people with divisive agenda: J P Nadda

Even if Indira Gandhi returns from heaven, Article 370 will not be restored: Amit Shah

Tilak Varma slams ton as India take 2-1 lead against South Africa with 11-run win in third T20I

PM Modi to visit Bihar’s Jamui to commemorate Janjatiya Gaurav Divas

BJP offered Rs 50 cr each to 50 Cong MLAs to remove Karnataka govt: CM Siddaramaiah

BJP to launch ‘Parivartan Yatra’ ahead of Delhi Assembly polls

Related Articles More

FSSAI directs online platforms to deliver food items with minimum 45 day shelf life

Retail inflation rises to 6.21 pc in Sep amid higher food prices

Sensex, Nifty slump 1 pc amid unabated foreign fund outflows, weak global trends

Integrated Air India-Vistara entity’s first flight takes off from Doha

PHF Leasing Limited Transforms into Credifin

MUST WATCH

Punganur Cow

Rangoli design

Jagadeesh Nagaraj Kudupali Audio Viral

Gho Pooja in Deepavali Festival

Melukote Deepavali


Latest Additions

Byelections: 81.84 per cent voter turnout in bypolls in three Assembly segments in Karnataka

Karnataka sets up panel for internal reservation among STs

Maharashtra Assembly Elections 2024 | Congress in clutches of urban naxals, became puppet of people with divisive agenda: J P Nadda

Even if Indira Gandhi returns from heaven, Article 370 will not be restored: Amit Shah

Jharkhand Assembly Elections 2024 | EC orders suspension of IPS officer posted as observer for dereliction of duty

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.