FAME INDIA SCHEME
Context:
- The number of electric vehicles in India has surged from just 2,400 a decade ago to over 27.4 lakh as of July 2023.
What Is Fame India Scheme?
- Fame India scheme is an incentive scheme that encourages the adoption of electric and hybrid vehicles.
- The full form of Fame India scheme is “Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India”.
- Manufacturers and infrastructure providers of electric vehicles receive this incentive in the form of subsidies.
- Fame India scheme is a part of the National Electric Mobility Mission Plan and was launched by the Ministry of Heavy Industries and Public Enterprises.
The primary objectives of Fame India scheme are listed below:
- This scheme encourages electric vehicle manufacturers and related providers to manufacture a higher number of electric vehicles in the country.
- Its goal is to reduce vehicular emissions and air pollution levels within the country.
- This scheme also aims to establish an electric charging infrastructure.
- In addition, Fame India Scheme targets to convert 30% of total transportation into electric vehicles by the year 2030.
Fame India Scheme operates in two phases. These are:
- Phase I: The first phase of Fame India Scheme started in 2015 and was functional till 31st March 2019.
- Phase II: The second phase of this scheme started in April 2019 and will continue till 31st March 2024.
Fame India scheme offers the following benefits:
- Issues related to environmental and fuel conservation will be significantly reduced.
- Vehicles from different segments will receive subsidy benefits accordingly.
- Citizens can avail themselves of eco-friendly public transportation.
- This scheme will allow individuals to reap the benefits of renewable energy sources through charging systems.
- The establishment of charging stations in close proximity further encourages individuals to opt for electric vehicles.
The benefits of Fame India scheme is available for the following individuals:
- Electric vehicle manufactures
- Electric vehicle infrastructure providers
Syllabus: Prelims + Mains; GS III – Schemes related to Environment
