Consider the following statements regarding FAME II Scheme 1 It proposes to give a push to electric ...........

Economic Affairs Industrial Policy and Industrial Growth

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Consider the following statements regarding FAME-II Scheme

1. It proposes to give a push to electric vehicles (EVs) in public transport.

2. The scheme is expanded version of the present scheme titled 'FAME India which was launched on 1st April 2015.

Which of the above statements is/are correct?

Choose the correct answer using the code below-

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

The scheme titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' encourage Faster adoption of Electric and hybrid vehicle by way of offering upfront Incentive on purchase of Electric vehicles and also by way of establishing a necessary charging Infrastructure for electric vehicles. The scheme will help in addressing the issue of environmental pollution and fuel security.country.

The scheme with total outlay of Rs 10000 Crores over the period of three years will be implemented with effect from 1st April 2019. This scheme is the expanded version of the present scheme titled 'FAME India1 which was launched on 1st April 2015