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The proposal comes at a time when there isn’t any readability over whether or not the prevailing FAME II plan, already prolonged by two years, will see one other extension or the federal government will announce a brand new FAME III scheme.
![Budget 2024: Govt cuts FAME allocation by over 44% to Rs 2,671.33 crore in FY25](https://cdn.zeebiz.com/sites/default/files/2024/02/01/278795-t62u2dcjxvo47ducpnth3jjo4a.jpg?im=FitAndFill=(1200,900))
In 2023-24, Rs 5,171.97 crore was allotted for the scheme, with revised estimates exhibiting round Rs 4,807.4 crore spent by the top of the fiscal yr. Picture Courtesy: Reuters.
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