On November 25, 2018, the Ministry of Finance notified an increase of Rs. 100 crore in the outlay , to Rs 895 crore from Rs 795 crore, for the first phase of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME India) scheme.
i. The approval of additional Rs. 100 crore was done as per the recommendations of the Expenditure Finance Committee (EFC).
ii. The objective of the scheme is to promote mass adoption of electric vehicles and the scheme will be implemented by the Ministry of Heavy Industries and Public Enterprises.
iii. The implementation of the first phase of the scheme has been extended four times, for six months each, with the latest being till March 2019.
Finance Ministry:
♦ Union Minister: Shri Arun Jaitley.
♦ Minister of State: Shri Shiv Pratap Shukla, Shri P. Radhakrishnan.
Government hiked outlay for phase I of FAME by additional Rs. 100 crore to Rs 895 crore
