• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

FAME- II scheme

June 16, 2021
in Economy
Reading Time: 2 mins read
0
FAME- II scheme
533
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news- The Department of Heavy Industries through a resolution increased subsidies for electric two-wheelers by 50 percent under the FAME II scheme. It capped incentives for electric two-wheelers at 40 percent (₹15,000 per KWh) of the cost of vehicles, up from 20 percent earlier.

Other FAME 2 recent amendments include-

  • The state-owned Energy Efficiency Services (EESL) will launch an aggregate demand for 300,000 electric three-wheelers across a variety of user segments.
  • The Ministry will now target cities with over 4 million population, i.e. Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, etc… with EESL aiming for aggregation of demand for the remaining e-buses on OPEX basis.

About FAME – II-

  • Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme is launched under National Mission on Electric Mobility in 2011/ National Electric Mobility Mission Plan 2020, unveiled in 2013. 
  • The scheme aims to encourage progressive induction of reliable, affordable and efficient electric and hybrid vehicles (xEV). 
  • The First Phase of the scheme was initially approved for a period of 2 years, commencing from 1st April, 2015. 
  • The Scheme has been extended from time to time, with the last extension allowed for a period up to 31st March 2019 .
  • It is implemented and monitored by the National Automotive Board under D/o Heavy Industries. 
  • It is one of the DBT schemes categorized under in-kind mode.
  • Government approved Phase-II of FAME Scheme with an outlay of  Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. 
  • This phase aims to generate demand by way of supporting 7000 Electric Buses (e-bus), 5 lakh Electric Three Wheelers (e-3W), 55000 Electric Four Wheeler Passenger Cars (including Strong Hybrid) (e-4W) and 10 lakh Electric Two Wheelers (e-2W). 
  • In addition, creation of Charging Infrastructure is also supported under the Scheme.
  • Vehicles fitted with only advanced chemistry batteries, meeting with minimum Technical Criteria and registered as “Motor Vehicle” as per CMVR shall be eligible for incentive under the scheme. 
  • Scheme will be applicable mainly to vehicles used for public transport or those registered for commercial purposes in e-3W, e-4W and e-bus segments. 

However, privately owned registered electric two wheelers (e-2Ws) are also covered under the scheme as a mass segment.

image_pdfMake PDF
Source: LiveMint
Tags: LiveMintPrelims

Related Posts

National Startup Advisory Council (NSAC)

National Startup Advisory Council (NSAC)

May 20, 2022
State of Inequality in India Report

State of Inequality in India Report

May 19, 2022
Gold hallmarking

Gold hallmarking

May 4, 2022
MSME Sustainable (ZED) Certification Scheme

MSME Sustainable (ZED) Certification Scheme

May 3, 2022
India Semiconductor Mission

India Semiconductor Mission

May 3, 2022
Atal New India Challenge 2.0 (ANIC 2.0)

Atal New India Challenge 2.0 (ANIC 2.0)

April 30, 2022
Labour Force Participation Rate (LFPR)

Labour Force Participation Rate (LFPR)

April 29, 2022
All-India Household Consumer Expenditure Survey

All-India Household Consumer Expenditure Survey

April 26, 2022
Fincluvation

Fincluvation

April 23, 2022
Global Ayush Investment and Innovation Summit 2022

Global Ayush Investment and Innovation Summit 2022

April 22, 2022
Please login to join discussion
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR BBC Business Standard CNN Deccan Herald DownToEarth Down to Earth DTE Economic Times ET GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express India today Indiatoday Kurukshetra LiveMint Mains News News Paper Newspaper PIB PIB & The Hindu pre Prelims PRS India RSTV Science Reporter Survey The Hindu The Hindustan Times The India Express The Indian Express The New Indian Express Times of India TOI TOPPERS UNDP website Wikipedia Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In