Fame-India
new Note 1 : “Incentive under the FAME II Scheme will be valid for the vehicles sold & registered till March 31, 2024”. new Note 2 : Demand Incentive for e-3W and e-4W registered w.e.f. 9th February 2024. The cost of vehicle, referred to in clause 26 of the notification dated 8th March, 2019 shall mean “ex-factory price” of vehicle i.e. “price of vehicle at factory gate before applicable taxes”. new Note 3 : Scheme outlay of FAME India Scheme Phase II enhanced from ₹10,000 crore to ₹11,500 crore. Further, it is hereby informed that the scheme is fund and term limited scheme i.e. the subsidies for demand incentive will be eligible for e-2w, e-3w and e-4w sold till March 31, 2024 or till the time funds are available, whichever is earlier. new Note 4 : All the Registered OEMs Under FAME INDIA II Scheme are advised to get their vehicle Models Certified as per AIS 156 under CMVR as amended from time to time, in order to be eligible to Claim Subsidy under FAME INDIA II Scheme.
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Brief

Government has approved Phase-II of FAME Scheme with an outlay of  Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for Electric Vehicles (xEVs) in the country. This phase aims to generate demand by way of supporting 7000 Electric Buses (e-bus), 5 lakh Electric Three Wheelers (e-3W), 55000 Electric Four Wheeler Passenger Cars (including Strong Hybrid) (e-4W)and 10 lakh Electric Two Wheelers (e-2W). However, depending upon off-take of different category of xEVs, these numbers may vary as the provision has been made for inter as well as intra segment wise fungibility. In addition, creation of Charging Infrastructure will also be supported under the Scheme.

Vehicles, fitted with only advanced chemistry battery, meeting with minimum Techanical Criteria and registered as "Motor Vehicle" as per CMVR shall be eligible for incentive under the scheme. With greater emphasis on providing affordable & environment friendly public transportation options for the masses, scheme will be applicable mainly to vehicles used for public transport or those registered for commercial purposes in e-3W, e-4W and e-bus segments. However, privately owned  registered e-2Ws are also  covered under the scheme as a mass segment.