FAME India Scheme Phase II Details Online
- Eligibility for Fame India Scheme Phase II
- Benefits of Fame India Scheme Phase II
- How to Claim Fame India Scheme Subsidy
FAME India Scheme Phase II is to give Subsidy on purchase of Electric Vehicles. Fame India Scheme means Faster Adoption and Manufacturing of Electric Vehicles in India which is announced by Government of India. FAME II Scheme is introduced after successfully completion of Frame I Scheme. It is introduced to promote the use of electric vehicles like cars, three wheeler and two-wheeler in the country. The FAME II scheme subsidy and benefits will be provided on purchase of new electric vehicle.
FAME India Scheme Phase II will reduce the use of fossil fuel such as petrol & diesel. It will reduce the environmental pollution. Almost 10 lakh electric two-wheeler will be given subsidy of Rs. 20,000/- each. 35,000 fully electric cars will get a subsidy of up to Rs. 1.5 lakh. FAME India Phase II Scheme is applicable for the tenure of next 3 year starting from April 2019. The Central government has allocated a budget of Rs. 10,000 crores to implement the scheme. Government of India is also working on the infrastructure to support the electric vehicles across the country. The Electric charging stations to charge the vehicle will be setup in cities and along side highways to provide assistance for setting up of charging stations. The government of India has announced 100% switch to electric vehicles by 2030. 27,000 charging stations will be setup in the metros. There will be one charging station in the grid of 3 Km by 3 Km. Charging stations will be available on both side of the highways in every 25 Kms.
Eligibility for Fame India Scheme Phase II
- 35,000 electric four-wheeler Cars with an ex-factory price of up to Rs 15 lakh along with 20,000 strong hybrid four-wheeler Cars with ex-factory price of up to Rs 15 lakh are given incentives
- 7,090 e-buses having an ex-factory price of up to Rs 2 crore are eligible
- E-rickshaws with ex-factory price of up to Rs 5 lakh are eligible.
Benefits of Fame India Scheme Phase II
- Subsidy and benefits will be given on purchase of electric two-wheeler, three-wheeler, cars and buses.
- The owners of electric vehicles will get the subsidy. The Central Government had allocated Rs. 10,000 crores in the Budget.
- FAME II scheme will be applicable for the tenure of next 3 year starting from April 2019.
- Electric Two-wheeler will get a Subsidy of Rs 20,000/-.
- Electric Cars will get an Incentive of Rs 1.5 lakh
- Electric Buses will get an Incentive of up to Rs 50 lakh
- E-rickshaws will get an Incentive of Rs 50,000/-
- Government will be providing assistance for setting up the charging stations in cities and highways.
- The motto of the scheme is to reduce the use of fossil fuel such as petrol & diesel. This decrease in usage of fossil fuel will reduce the environmental pollution.
- The government of India has announced 100% switch to electric vehicles by 2030.
- 27,000 charging stations will be setup in the metros.
- There will be one charging station in the grid of 3 Km by 3 Km.
- Charging stations will be available on both side of the highways in every 25 Kms.
How to Claim Fame India Scheme Subsidy
Those people who are interested to buy the Electric Vehicle can claim the subsidy of FAME II Scheme by purchasing it from the nearest dealer. The National Automotive Board under Department of Heavy Industry will implement the scheme by giving the subsidy amount of FAME India Scheme Phase II which is a National Mission on Electronic Mobility. The demand incentive benefit will be passed on to the consumer at the time of purchase of the Electrical Vehicle itself by way of paying reduced price.