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FAME India II To Be Launched By PM Narendra Modi Next Month
car&bike Team
Aug 26, 2018, 9:53 PM
The second phase of the FAME India scheme will be kicked off on September 7, 2018, by Prime Minister Narendra Modi, according to officials, as per a report by PTI. The scheme for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was introduced in a bid to incentivise sales and manufacturing of electric vehicles in the country. Under Phase II of the initiative, the government has earmarked a budget of Rs. 5500 crore to be used over the next five years and will be used to provide subsidies to all types of electric vehicles.
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