Economics • Indian EconomyEasy
What is the primary objective of the 'FAME India' (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) scheme?
A. To subsidize traditional fossil fuel vehicles to lower transportation costs.
B. To encourage the progressive adoption and manufacturing of electric and hybrid vehicles to reduce vehicular pollution.✓ Correct Answer
C. To promote the export of locomotives and heavy railway machinery.
D. To provide financial assistance for highway construction in remote border areas.
💡 Solution & Explanation
The FAME India scheme was launched by the Ministry of Heavy Industries to incentivize the rapid adoption and domestic manufacturing of electric and hybrid vehicles to lower vehicular air pollution and reduce petroleum dependency. Schemes aimed at fossil fuel subsidies or heavy railway manufacturing serve completely different economic and infrastructure goals.
More Economics Indian Economy questions
- What is the primary objective of the Pradhan Mantri Jan Dhan Yojana launched as a national mission for…
- Under the provisions of the Indian Constitution, through which annual financial statement is the estimated…
- What is the primary focus of the 'PM-MITRA (Mega Integrated Textile Region and Apparel)' scheme implemented…
- What is the economic significance of the 'Rajiv Gandhi Kisan Nyay Yojana' implemented in Chhattisgarh?
- What is the primary purpose of the 'Aspirational Districts Programme' launched by the Government of India?