Fame 2 subsidy: Understand the FAME 2 subsidy for

Understand the FAME 2 subsidy for electric vehicles in India, its benefits, and how to apply for incentives. The FAME subsidy will be factored in the scooter price if you are eligible for it and will not have to be claimed separately. If you are found to be ineligible for the subsidy during the document verification stage, you will be required to pay the full price. What is State subsidy ? Is the price included in the invoice? Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for xEVs in the country. This phase aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e- 2 Wheelers. However, depending upon off-take of ... Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for xEVs in the country. This phase aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 E Four Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e- 2 Wheelers.