The Government has constituted an inter-ministerial Panel for monitoring, sanctioning and implementation of projects under the Rs 10,000-crore FAME-II programme, 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 Department of Heavy Industries, in an order, said the committee is constituted “for the purpose of overall monitoring, sanctioning and implementation of the scheme, with immediate effect and until further orders”.
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.
