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Fame-II Subsidy Cut
June 19 , 2023
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- The government's reduction in the FAME subsidy for electric scooters in India, which came into effect from June 1.
- The government has lowered the subsidies from 40 percent to 15 percent of the vehicle cost.
- The FAME scheme commenced on April 1, 2019, for a period of three years.
- It was further extended for a period of two years up to March 31, 2024.
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