Auto FAME II to be soon rolled out on consortia-based approach: Official Updated : January 28, 2019 10:55 PM IST Mitra also informed that in the FAME II mission, the government as of now is going to allocate Rs 350 crore to have a concerted investment in research and innovation. He said the government was totally cognisant of the fact no industry has the capability or also the intent to put in the risk capital required to make this happen. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.