Page 76 - Policy Economic Report -August 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

These six blocks are poised to generate annual revenue of approximately ~?1,983.67 crore, and likely
to attract capital investment of nearly ?1,743 crore and create 15,710 employment opportunities.

Since the inception of commercial coal mining in 2020, a total of 147 coal blocks has been auctioned
successfully, with a production capacity of 377.974 Million Tonnes per year. Once operational, these
blocks will substantially enhance domestic coal production and advance the nation’s goal of becoming
self-reliant in the coal sector. Collectively, these coal blocks are estimated to yield annual revenue of
?48,215 crore, mobilize capital investment of ?54,315 crore, and generate 4,89,552 employment
opportunities across coal-bearing regions.

14. FAME India Scheme Phase-II: Progress in Electric Vehicle Adoption and Charging Infrastructure
The details and progress of the schemes implemented by the Ministry of Heavy Industries (MHI) for the
development of electric vehicles in the country along with charging infrastructure are as under:-

Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II:
The Government implemented this scheme for a period of five years from 01.04.2019 to 31.03.2024 with
a total budgetary support of ?11,500 crore. The scheme provided demand incentive for e-2Ws, e-3Ws, e-
4Ws and grants for e-buses and setting up of EV public charging stations (EV PCS). FAME-II has supported
the sale of approximately 16.72 lakh electric vehicles, including e-2Ws, e-3Ws, and e-4Ws. In addition,
5,299 electric buses (e-buses) have been deployed under the Scheme as on 31.07.2026. Further, an
amount of ?912.50 crore was allocated under the Scheme for the establishment of EVPCS across the
country. 9,583 EV PCS have been installed under this scheme.

Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-
Auto): The Government notified this scheme for Automobile and Auto Component Industry in India, on
23.09.2021, for enhancing India's manufacturing capabilities for Advanced Automotive Technology (AAT)
products, including EVs, with a budgetary outlay of ?25,938 crore.

Production Linked Incentive (PLI) Scheme for National Programme on Advanced Chemistry Cell (ACC)
Battery Storage: The Government on 09.06.2021 notified the PLI Scheme for manufacturing of ACC in the
country with a budgetary outlay of ?18,100 crore. The scheme aims to establish a competitive domestic
manufacturing ecosystem for 50 GWh of ACC batteries, out of which, 40 GWh has been awarded to four
beneficiary firms. The 40 GWh capacity is end-use agnostic and can be utilized for any application including
electric vehicles.

PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM EDRIVE) Scheme: This scheme with
an outlay of ?10,900 crore has been notified on 29.09.2024. This scheme supports incentivization of

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