IANS | 11 Feb, 2024
The Ministry of Heavy Industries on Friday announced that the scheme
outlay of FAME India Phase II has been enhanced from Rs 10,000 crore to
Rs 11,500 crore under FAME India scheme Phase II in order to give a
further push to clean mobility in the country.
The ministry also
said that it is a “fund and term limited scheme”, which means that the
subsidies for demand incentive will be eligible for e-two-wheelers,
e-three-wheelers, and e-four-wheelers sold till March 31, 2024 or till
the time the funds are available, whichever is earlier.
