Ministry of Heavy Industries extends Phase-II of FAME India Scheme for two years till 2024

Ministry of Heavy Industries had notified Phase-II of FAME India Scheme for three years from April 2019 to March 2022. However, the government has extended the FAME II scheme for 2 years. So now this scheme will be applicable till March 2024. However, the scheme has failed to take off with only 5%, or ₹492 crore, of the ₹10,000 crore allocated under its second phase spent till March, as reported by Mint earlier.

Focus area of Phase II will be mainly on supporting electrification of public & shared transportation through demand incentive and creation of a network of charging infrastructure. Objective of FAME India Scheme is to promote adoption of electric/ hybrid vehicles (xEVs) in India.