According to the proposal cleared by the cabinet, FAME II will focus on the electrification of public transportation.
The Cabinet Committee of Economic Affairs (CCEA) has approved a Rs 10,000 crore package for the second phase of Faster Adoption & Manufacturing of Electric (and hybrid) vehicles (FAME) scheme on February 28.
The scheme provides incentives to electrify commercial vehicles and public transport, and for an operational expenditure model for e-buses by state transport corporations.Watch Sakshi Batra in conversation with Nikita Vashisht for more details.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.