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Government approved scheme for FAME India phase II

Government of India has approved the proposal of implementation of scheme titled “Faster Adoption and Manufacturing of Electric Vehicle in India phase II (FAME India Phase II) for promotion of Electric Vehicle (EV) in the country. The scheme with total outlay of Rs 10,000 Crores (about 1.25 billion) over the period of three years (i.e. from 2019-20 to 2021-22) will be implemented with effect from 1st April 2019.