Greater than Rs 300 crore of FAME 2 subsidy, which needs to be disbursed to auto corporations, particularly these making electrical two-wheelers, is caught attributable to a mismatch between the identify of a automobile purchaser as per their Aadhaar card and that on the Registration Certificates (RC), in accordance with auto gamers. .
The 2 paperwork have to be submitted together with the bill by the producer to the federal government and Industrial Finance Company of India (IFCI) to assert the subsidy. IFCI manages FAME 2 on behalf of the federal government.
The difficulty is twofold. In states like Maharashtra, an individual’s father’s identify is commonly their center identify. Whereas the Aadhaar card displays this custom, on the time of auto registration,…
First printed: November 15, 2023 | 11:02 pm he
(Tags for translation)Fame Assist 2