FAME India scheme Phase II

Question 1

Which ministry is incharge of FAME India scheme ?

Answer 1

Ministry of Heavy Industries

Question 2

Why is it in news ?

Answer 2

The Phase II of the scheme will end by 31st Mar 2024, but the outlay has been increased

Note: The scheme end date also might be extended

Question 3

What is the full form of FAME ?

Answer 3

Faster Adoption and Manufacturing of Hybrid and electric vehicles in India

Question 4

What happens under FAME scheme ?

Answer 4

The Govt gives subsidies for buying electric 2W or 3W or 4W or even buses

Target – Subsidies for:
a) 10 lakh 2 wheeler
b) 5 lakh 3 wheelers
c) 55000 4 wheelers
d) 7000 Buses