Centre looking to extend FAME II

The Centre is looking at options to extend the benefits of the FAME II scheme beyond FY24, a senior government official has said.

According to Hanif Qureshi, joint secretary, ministry of heavy industries, the FAME II scheme is lapsing in March 2024, but avenues are being looked at for continuing the benefits through some other measures.

"The ₹10,000 crore FAME II scheme is ending in March 2024, after five years. Now we are thinking of how to extend the scheme or in some way to extend the benefits," Qureshi said while speaking at the first FICCI Awards for Excellence in Maintenance Systems & Conference, in New Delhi.