Which of the following statement is correct regarding Faster Adoption and Manufacturing of Electric Vehicles (FAME 2) scheme?
1
The scheme provides subsidies to all type of vehicles.
2
The Ministry of new and renewable energy is the nodal agency for implementation of the scheme.
3
The objective is to promote hybrid/ electric technology in transportation so as to reduce dependency on fossil fuels.
4
This scheme has a budgetary outlay of Rs 10,000 crore for a period of five years from 1st April 2022.