{"id":9245,"date":"2023-04-20T01:16:23","date_gmt":"2023-04-19T19:46:23","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=9245"},"modified":"2025-03-29T12:08:37","modified_gmt":"2025-03-29T06:38:37","slug":"mission-50k-ev4eco","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/mission-50k-ev4eco\/","title":{"rendered":"Mission 50K-EV4ECO"},"content":{"rendered":"<h2><strong>About Mission 50K-EV4ECO:\u00a0<\/strong><\/h2>\n<ul>\n<li>Under this mission, SIDBI will directly <strong>provide loans to eligible small and medium enterprises<\/strong> (SMEs) for the <strong>purchase of EVs and developing charging infrastructure<\/strong>, including battery swapping.<\/li>\n<li>It focuses on increasing the uptake of <strong>electric two-wheelers, three-wheelers and four-wheelers<\/strong> through <strong>direct and indirect lending support<\/strong> to vehicle aggregators, fleet operators and leasing companies.<\/li>\n<\/ul>\n<h3>Key facts about SIDBI<\/h3>\n<ul>\n<li>It was established <strong>under an Act of Parliament in 1990<\/strong>.<\/li>\n<li>It is the Principal Financial Institution engaged in the <strong>promotion, financing &amp; development of the Micro, Small and Medium Enterprises<\/strong> (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities.<\/li>\n<\/ul>\n<h3>What are Electric Vehicles?<\/h3>\n<ul>\n<li>It is defined as a vehicle that can be <strong>powered by an electric motor<\/strong> that draws electricity from a battery and is <strong>capable of being charged from an external source<\/strong>.<\/li>\n<li>Government of <strong>India\u2019s initiatives related to the Electric Vehicles<\/strong>\n<ul>\n<li>Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) \u2013 I and II:<\/li>\n<li>It is currently India\u2019s flagship scheme for promoting electric mobility.<\/li>\n<li>It was <strong>launched in 2015.<\/strong><\/li>\n<li>Currently in its 2nd phase of implementation, FAME-II is being implemented for a period of 3 years,\u00a0 from 1st April 2019 with a budget allocation of 10,000 Cr<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is an industry?<\/h3>\n<p>Industry refers to a broad range of economic activities related to the production and sale of goods and services. It includes activities such as manufacturing, construction, agriculture, mining, energy production, and transportation.<\/p>\n<p><strong>Source:<\/strong><strong>\u00a0<\/strong><a href=\"https:\/\/www.downtoearth.org.in\/news\/governance\/how-supply-side-incentives-for-small-medium-battery-component-suppliers-can-bolster-ev-adoption-88815\" target=\"_blank\" rel=\"nofollow noopener\"><u>How incentives for small &amp; medium battery component suppliers can bolster EV adoption<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta Description   Under Mission 50K-EV4ECO SIDBI will directly provide loans to eligible small and medium enterprises.<\/p>\n","protected":false},"author":5,"featured_media":9246,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-9245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=9245"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/9246"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=9245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=9245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=9245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}