India, April 27 -- A Ministry of Heavy Industries committee has given clean chit to Hero Electric and Okinawa Autotech of any breaches of the phased manufacturing programme (PMP) guidelines under the FAME II Scheme.

As per Business Today's report, citing government sources, this follows a comprehensive assessment of the companies' activities.

The committee's decision gives both the two-wheeler manufacturers a sigh of relief who have been under scanner for purported misuse of government subsidies.

Earlier, it was reported that the government aims to reclaim approximately INR 155 Cr from Hero Electric, INR 125 Cr from Okinawa and INR 50 Cr from Benling.

Disbursements of subsidies under the program were tied to a phased manufacturing pro...