The central government on Friday said that it has extended the phase-1 of FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) India scheme for a further period of six months up to September 30, 2018.
According to a notification issued by the Department of Heavy Industry, the phase-1 of the FAME scheme was to run for two years 2015-16 and 2016-17, which commenced from April 1, 2015.
Initially, the phase-1 was extended for a period of six months up to September 30, 2017 "or till approval of phase-II, whichever is earlier". It was further extended for another six month up to March 31, 2018.
"Now, therefore, the period of the FAME India scheme is further extended for a further period of six months i.e. upto 30th September 2018 or till date of launching of phase-II of FAME India Scheme , whichever is earlier," the notification said.
"The extension is deemed to have taken effect on 1st April 2018."
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The FAME scheme provides incentives for purchase of electric and hybrid vehicles in particular areas.
--IANS
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