(FREE) UPSC Current Affairs 2024 PDF

FAME India Scheme : Important Topics for UPSC Exams

FAME India Scheme

Government of India approved the National Mission on Electric Mobility in 2011 and subsequently National Electric Mobility Mission Plan 2020 was unveiled in 2013.
As part of the mission, Department of Heavy Industry had formulated a scheme namely FAME – India (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India).
It is being administered by the Heavy Industries Ministry.
The overall scheme is proposed to be implemented over a period of 6 years, till 2020, wherein it is intended to support the hybrid/electric vehicles market development and its manufacturing eco-system to achieve self-sustenance at the end of the stipulated period.
The scheme has 4 focus areas i.e. Technology Development, Demand Creation, Pilot Projects and Charging Infrastructure.
With an aim to promote eco-friendly vehicles, the government had launched the FAME India scheme in 2015 offeringincentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.
FAME India – Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India – is a part ofthe National Electric Mobility Mission Plan. The scheme envisages Rs 795 croresupport in the first two fiscalsstarting with the current year.
The government has withdrawn incentives given to mild hybrid vehicles under FAME India scheme.
The government has extended demand incentives worth Rs 127.77 crore for purchase of over 1.11 lakh electric and hybrid vehicles under the FAME-India scheme.