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Govt constitutes panel for monitoring, sanctioning of projects under FAME-II scheme

19 Mar 2019 Evaluate

The government has set up an inter-ministerial panel for monitoring, sanctioning and implementation of projects under the Rs 10,000 crore FAME-II programme. This scheme is aimed at incentivising clean mobility. The Project Implementation and Sanctioning Committee will be chaired by the secretary in the Department of Heavy Industries and will have other members including NITI Aayog CEO, Department for Promotion of Industry and Internal Trade secretary, Department of Economic Affairs secretary and secretaries in the power and new and renewable energy ministry, among others.

The panel's terms of reference includes modifying coverage parameters for various components and sub-components of the scheme, reviewing demand incentives annually or earlier based on price and technology trends, modifying limits of fund allocations among different segments and types of vehicles, reviewing the cap for maximum incentive per vehicle, and deciding other scheme parameters for its smooth roll out.

The Rs 10,000 crore programme under the phase-II of Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) scheme will be implemented over a period of three years with effect from April 1, 2019. The scheme will have a Rs 1,500-crore outlay in 2019-20; Rs 5,000 crore in 2020-21 and Rs 3,500 crore in 2021-22. It also proposes support for setting up of charging infrastructure whereby about 2,700 charging stations will be set up in metropolitan cities, other million-plus cities, smart cities and cities of hilly states across India.

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