Initial plan to roll out FAME 2 subsidies only for buses reviewed

Initial plan to roll out FAME 2 subsidies only for buses has been reviewed.

Earlier when an inter-ministerial panel had decided on FAME subsidy part 2, they had decided that the subsidy should only be for buses and for public transport because they felt that when it comes to private vehicles, scooters, three-wheelers and also for four-wheelers, it won’t be possible for the government to give subsidy in such large numbers over a prolonged period of time.

Now, it is believed that there has been a review of the earlier decision and the latest decision has been spearheaded by the Heavy Industries Ministry and it has been decided to put a certain amount of money in this Rs 5,500 crore subsidy for electric vehicles apart from buses.