Authorities won’t lengthen FAME-II scheme past March 31, EV subsidy won’t be out there from April 1 – India TV Hindi

electrical autos The federal government won’t lengthen the FAME-II scheme past March 31. The federal government on Thursday stated it has not prolonged the second section of FAME, the flagship scheme to advertise electrical autos, past March 31. The officers offered this data. The Ministry of Heavy Industries has denied the declare made within the media report relating to extension of time interval of FAME 2 scheme. The Middle has quickly prolonged the scheme for 4 months until July 31 with an outlay of Rs 500 crore, the report claimed. After this this clarification has come from the federal government.

Final month the federal government had made it clear

The Ministry of Heavy Industries had final month stated that the subsidy beneath the second section of the FAME scheme will likely be out there for e-vehicles bought until March 31, 2024 or until funds can be found. It stated the outlay for the Accelerating Adoption and Manufacturing of Electrical Autos in India (FAME-II) program has been elevated from Rs 10,000 crore to Rs 11,500 crore. The ministry had stated within the assertion that FAME-II, the second section of the flagship scheme to advertise the acceptance of electrical autos in India, is for a restricted time by way of funds and period.

Subsidy is out there on EV now

In line with the revised expenditure, electrical two-wheelers, electrical three-wheelers and electrical four-wheelers are eligible to avail a subsidy of Rs 7,048 crore. Moreover, Rs 4,048 crore has been allotted as grants for creation of capital belongings whereas Rs 400 crore has been saved beneath the ‘others’ class.

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