The ministry says that the combined objective of these incentives and incentives is to encourage vehicle owners to give up their old and polluting vehicles which have high maintenance and fuel consumption.
see photosMinistry wants to encourage vehicle owners to discard their old and polluting vehicles
The Ministry of Road Transport and Highways on Tuesday released a list of incentives and incentives related to vehicle scrapping policy. The combined objective of these incentives and disincentives is to encourage vehicle owners to give up their old and polluting vehicles which have high maintenance and fuel consumption.
“As an incentive, there will be a waiver of fee for issue of Certificate of Registration for a new vehicle purchased against the right of Certificate of Deposit (COD) issued by the registered vehicle scrapping facility for the vehicle being canceled,” read the press release by the ministry. Statement.
The ministry has announced incentives like increase in fee for fitness test and renewal of registration of vehicles older than 15 years
Incentives include: 1). Increase in the fee for fitness test and renewal of fitness certificate of motor vehicles older than 15 years. 2)). Increase in fitness certification fee for transport vehicles older than 15 years. 3)). Increase in renewal of registration fee for private vehicles (non-transport vehicles) older than 15 years.
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Presenting the Union Budget 2021-22, Finance Minister Nirmala Sitharaman on February 1 announced a voluntary vehicle scrapping policy for phasing out old and unsuitable vehicles, under which private vehicles will be subjected to fitness testing at automated centers after 20 years, While commercial vehicles will have to pass through. exam after 15 years
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