Inter-Ministerial panel programme “FAME-II” to monitor projects
The government has constituted an inter-ministerial panel programme named “FAME-II” (Faster Adoption and Manufacturing of Electric Vehicles) of Rs. 10,000 to monitor, sanction and implement projects. This programme is aimed at incentivising clean mobility with immediate effect and until further orders and will be implemented over a period of three years with effect from April 1, 2019. Under this scheme, 10 lakh registered electric two-wheelers with a maximum ex-factory price will be eligible to avail incentive of Rs 20,000 each.
Category: Government Schemes Current Affairs