{"id":626225,"date":"2024-01-04T09:34:01","date_gmt":"2024-01-04T04:04:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=626225"},"modified":"2024-01-04T10:21:36","modified_gmt":"2024-01-04T04:51:36","slug":"finance-ministry-approves-additional-rs-1500-cr-for-fame-ii-scheme","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/finance-ministry-approves-additional-rs-1500-cr-for-fame-ii-scheme\/","title":{"rendered":"Finance Ministry approves additional Rs 1,500 cr for FAME-II scheme"},"content":{"rendered":"<p>The Union Finance Ministry has sanctioned an additional Rs 1,500 crore for the second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, addressing fears that funds could run out before the scheme ends in March 2024 due to robust electric vehicle (EV) sales. <\/p>\n<p>A proposal to increase the outlay for FAME-II from Rs 10,000 crore to Rs 11,500 crore was approved by the department of expenditure (DoE) on January 2. <\/p>\n<p>The budget was approved considering the scheme\u2019s objectives in promoting EVs. The government had till December 26 utilised Rs 8,948 crore of the Rs 10,000 crore funds allocated under the scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Finance Ministry has sanctioned an additional Rs 1,500 crore for the second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, addressing fears that funds could run out before the scheme ends in March 2024 due to robust electric vehicle (EV) sales. A proposal to increase the outlay for FAME-II from Rs 10,000 crore to Rs 11,500 crore was approved by the department of expenditure (DoE) on January 2. The budget was approved considering the scheme\u2019s objectives in promoting EVs. The government had till December 26 utilised Rs 8,948 crore of the Rs [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-626225","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/626225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=626225"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/626225\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=626225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=626225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=626225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}