Year-End- Review of Ministry of Heavy Industries – 2022

Source: The post is based on the article Year-End- Review of Ministry of Heavy Industries – 2022published in PIB on 30th December 2022

What is the News?

The Ministry of Heavy Industries has launched several initiatives and schemes in 2022.

What are the schemes and initiatives launched by the Ministry of Heavy Industries in 2022?
Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India II) Scheme

FAME India II Scheme has been launched to incentivize demand for Electric Vehicles(EVs) by providing upfront subsidies and creating EV charging infrastructure. 

The scheme was redesigned in June 2021 based on experience, particularly during the Covid-19 pandemic and feedback from industry and users. The redesigned scheme aims at the faster proliferation of Electric Vehicles by lowering the upfront costs. 

The scheme has been extended for a further period of 2 years i.e. upto March 31, 2024.

National Programme on Advanced Chemistry Cell (ACC)

Productivity Linked Incentive (PLI) scheme for Automobile and Auto Components

NATRIP 

Scheme on Enhancement of Competitiveness in The Indian Capital Goods Sector- Phase-II

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