![90% funds for FAME-II used until deadline](https://cdn.magzter.com/1547192204/1714762032/articles/I1Dm9wUra6OI5ZpGkghsys/90-FUNDS-FOR-FAMEII-USED-UNTIL-DEADLINE.jpg)
Figures from the Ministry of Heavy Industries (MHI) reveal that the government spent ₹10,253 crore of total ₹11,500 crore earmarked for the fiveyear FAME-II scheme. This funding facilitated the support of 1.5 million vehicles in the past five years.
Government officials said that part of the available funds will be utilised for vehicles that were sold before March 31 but incentives for which have not been claimed yet.
"Some funds will be allocated to provide incentives to manufacturers who sold their vehicles in the previous financial year but applied for incentives afterwards," a senior official said.
The electric three-wheeler (e3W) category demonstrated the highest fund utilisation, with the allocated ₹991 crore being fully used.
هذه القصة مأخوذة من طبعة May 04, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 04, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Every adversity brings with it the seed of an equivalent advantage, said Napoleon Hill in his bestselling book Think and Grow Rich.
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