It's a programme that dismantles vehicles that are inefficient and cause pollution
The programme will be held in a phased manner
The aim is to create a pollution-free, eco-friendly atmosphere
The Scrappage Policy will give a new identity to India's automobile sector
The policy will play a key role in removing outdated vehicles from the roads
Will open automated testing stations and registered scrapping centres across India
The first phase will see the launching of close to 70 scrapping centres
Around 35,000 people will get jobs in vehicle fitness centres and scrap yards
It is expected that the programme will receive an investment of Rs 10,000 cr
Vehicles that fail in fitness and emission tests will be dismissed
This includes private vehicles that have been on roads for more than 20 years
Commercial vehicles that are more than 15 years will also be rejected
The fitness testing fee for private vehicles is Rs 300-400 and that for commercial vehicles is Rs 1,000-1,500
Those who register for vehicle scrappage will get relaxation in new car registration and road tax
The tax reduction will be 25% for commercial vehicles and 15% for private vehicles
State and central govt-owned vehicles that are over 15 years old will be scrapped in April 2022
Big commercial vehicles with no fitness certificate will be dismissed from 2023 onwards
The scrappage policy will be applied to private vehicle owners from June 2024
The Vehicle Scrappage Policy might boost the metal recycling business
As per the government tabs, 1.7 mn commercial vehicles are not fit to the road
The Voluntary Vehicle-fleet Modernisation Programme was launched at the investors' meet in Gujarat
PM Modi said that it will be a milestone in India's development journey
The summit was held to attract investments to install vehicle scrapping infrastructure
The summit was organised by Ministry For Road Transport and Highways
#vehiclescrappagepolicy #pollutionfree #ecofriendly #investments #vehiclescrapping #privatevehicles #commercialvehicles #centralgovt #channeliam
