TNPSC Thervupettagam

Fame-II Subsidy Cut

June 19 , 2023 655 days 561 0
  • 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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