What does FAME mean? What is the full form of FAME?
The Full Form of FAME is Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles.
The government adopted the Faster Adoption and Manufacturing of Hybrid and EV (FAME) scheme in 2015 with an outlay of INR 8.95 billion (USD 130 million), which provided subsidies for electric 2- and 3-wheelers, hybrid and e-cars and buses.
The scaled up FAME II, effective from April 2019, has an outlay of INR 100 billion (USD 1.4 billion) to be used for upfront incentives on the purchase of EVs (INR 85.96 billion) and for supporting the deployment of charging infrastructure (INR 10 billion)
FAME
means
Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles
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