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FAME India Phase 1 Scheme - Get Upto Rs 20,000 Subsidy | Fame Explained

The demand for petrol and diesel has been steadily rising in India, which is heavily reliant on crude oil imports from countries like Iraq, Iran, Kuwait, Nigeria, Saudi Arabia and others. India seeks to reduce the crude oil import bill as we import in excess of 80% of needs. The country wants to promote the use of electric vehicles to cut the over reliance on crude oil.


The speaker in this video, talks about the FAME scheme? FAME stands for Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India. The Ministry of Heavy Industries and Public Enterprises launched this scheme in the year 2005. The scheme aims to foster the production and usage of electric vehicles in the country.


The FAME scheme has been split into two phases: 1) Phase 1 and 2) Phase 2. The first phase began in the year 2015 and ended on 31st March 2019. The second phase began on 1st April 2019 and would be completed by 31st March 2022. The scheme primarily focuses on 4 core areas, which include the creation of demand, the development of technology, charging infrastructure and pilot projects.


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