2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 11, 000 crore
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Rs. 10, 000 crore
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Rs. 12, 000 crore
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Rs. 15, 000 crore
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Detailed explanation-1: -FAME-II has a total budget outlay of INR 100 billion (USD 1.5 billion) until 2022 and focuses on public transport, demand aggregation and subsidies to encourage adoption of EVs.
Detailed explanation-2: -Synopsis. As per the budget document, the subsidy under the FAME scheme for fiscal 2024 is projected at Rs 5,172 crore, compared with the revised estimate of Rs 2,897 crore in the current fiscal year. This is the highest allocation under the scheme since its launch in 2020.
Detailed explanation-3: -At present, Phase-II of the FAME India scheme is being implemented for a period of five years from April 1, 2019 with a total budgetary support of Rs 10,000 crore.
Detailed explanation-4: -The second phase (FAME II) is a 3-year subsidy programme. It aims at supporting the electrification of public and shared transportation: around 7,000 electric and hybrid buses, 500,000 lakh electric three wheelers, 55,000 electric four wheeler passenger cars, and 1 million electric two wheelers.