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.
• Total budgetary support to Phase-II of FAME India Scheme for a period of five years is Rs. 10,000 crore, from financial year 2019-20 to 2023-24.
• 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. 
• Phase I of the FAME India Scheme was formulated in 2015, with total budget outlay of Rs 895 crore upto March 31, 2019.
• The main focus of this phase was on four areas i.e. technological development, demand generation, pilot project and charging infrastructure components.

Points to Remember:

1. FAME India Scheme is related to which sector?
2. How much budget has been allocated to Phase II of FAME India Scheme?
3. Phase II of FAME India Scheme has been launched for how many years/for which fiscal years?

Source: PIB