Ministry of Heavy Industries & Public Enterprises Schemes


Ministry of Heavy Industries & Public Enterprises Schemes

FAME India Scheme:

  • Faster Adoption and Manufacturing of (Hybrid) Electric Vehicles in India (FAME) was launched in 2015.
  • Its objective is to support hybrid/electric vehicles market development and Manufacturing eco-system.
  • The scheme was initially upto April 2017.
  • It has been extended upto 31st March, 2019 or till Notification of FAME-II.
  • In phase II, the government is targeting a fully (100%) electric fleet for public transport, including buses, taxis and auto-rickshaws.
  • At present, there are no plans to subsidize expensive battery components of electric vehicles in the Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises.

Important Schemes in India in Tamil

  • However, R&D projects and EV technologies, including for battery development, are being supported under the Scheme.
  • At present, the incentive is being offered on purchase of strong hybrid and electric cars, two-wheelers and three-wheelers.
  • The inter-ministerial panel that has recently finalised the roadmap for the II phase, decided to offer subsidy to all categories of electric vehicles, including two-wheelers, three-wheelers and four-wheelers.

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