What is the main aim of Fame India scheme?

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What is the main aim of Fame India scheme?

FAME India is a division of the National Electric Mobility Mission Plan. The main aim of this FAME scheme is to promote the demand for electric vehicles by offering subsidies to customers. The FAME India Scheme is aimed at encouraging all vehicle segments.

What is fame scheme?

Fame is designed to support the electrification of public and shared transport and help create charging infrastructure. The marquee scheme signals the government’s intent to reduce vehicular emissions and dependence on fossil fuel.

What is fame India Phase 2?

This phase focuses on supporting electrification of public and shared transportation and aims to support, through subsidies, about 7,000 e-buses, 5 lakh e-three wheelers, 55,000 e-four wheeler passenger cars and 10 lakh e-two wheelers. In addition, creation of charging infrastructure is also supported.

Who is eligible for FAME II subsidy?

At present the Fame II scheme benefits covers only electric two-wheelers, three wheelers, four-wheeled passenger vehicles and goods carrying vehicles. FAME 2 had increased the benefit offered from Rs 10,000 per kWh to Rs 15,000 per kWh.

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Who is implementing fame scheme?

India extends FAME scheme by two years to incentivise purchase of electric vehicles. The Union government on Friday announced decision to extend the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric vehicle (FAME) scheme by two years to March 31, 2024.

Is there any subsidy on electric car?

State EV subsidies on electric cars and SUVs Most states have capped the total number of electric cars to be subsidised at 10,000 units. The base incentive of Rs 5,000 per kWh is the same as for electric two-wheelers, but the maximum subsidy is capped at Rs 1.50 lakh.

How can I avail Fame India scheme?

Application Procedure Of Fame India Scheme 2021

  1. First of all go to the official website of Department of heavy industry, ministry of heavy industries and public enterprises, Government of India.
  2. The home page will open in front of you.
  3. On the homepage, you have to click on the scheme tab.
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Do we get subsidy on electric scooter in India?

“Electric scooters and motorcycles with a battery capacity of up to 2 kWh will be eligible for a subsidy of Rs 5,000. Models with a battery capacity of 2 to 4 kWh will be eligible for a Rs 7,000 incentive…