Vehicle scrappage policy soon
The vehicle scrappage policy is likely to be finalised soon to boost the automobile sector. The Minister of Road Transport and Highways also said that his ministry has fixed a target to build highways worth Rs. 15 lakh crore in the next two years.
The much-awaited vehicle scrappage policy is awaiting final clearance from the Union Cabinet, which will focus on eliminating the fleet of old polluting commercial vehicles plying on
Vehicle Scrapping Policy
It is also known as Voluntary Vehicle-Fleet Modernization Program. India has 51 lakh Light Motor Vehicles which are older than 20 years and 34 lakh Light Motor Vehicles which are older than 15 years.
Around 17 lakh Medium and Heavy Commercial Vehicles are older than 15 years without valid fitness certificate.
Older vehicles pollute the environment 10 to 12 times more than fit vehicles and pose a risk to road safety.
The policy is aimed at
Vehicle Scrapping Policy 2021
Road Transport and Highways Ministry announced the Voluntary vehicle fleet modernisation programme. The programme is also known as the Vehicle scrapping policy.
Why in news?
Prime Minister Narendra Modi unveiled the National Automobile Scrappage Policy and said the initiative will promote a circular economy and make the process of economic development more sustainable and environmentally friendly.
The policy, aimed at recycling old and u
Vehicle scrappage policy
Scrappage policy can work if incentives are confined to fuel-efficient vehicle replacements
Road map for scrappage policy
The much-awaited vehicle scrappage policy announced by the Transport Ministry, coming after the move for a green tax on ageing and polluting automobiles, promises economic benefits, a cleaner environment and thousands of jobs.
Although it will take until April 1, 2022, for vehicles belonging to the government and the public sector to be