Around 5% Rebate To Buyers Of New Cars On Scrapping Old Vehicles: Nitin Gadkari
NDTV
The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehicles while commercial ones would require it after the completion of 15 years.
Under the government's vehicle scrapping policy, about 5 per cent rebate on new cars would be offered to buyers on scrapping of old vehicles, Union Minister Nitin Gadkari told Parliament on Thursday and termed it a "win-win" policy that will help improve fuel efficiency and reduce pollution. An advisory in this regard would be issued by the ministry, he said. The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehicles while commercial ones would require it after the completion of 15 years. "The 'Voluntary Vehicle-Fleet Modernisation Programme' or 'Vehicle Scrapping Policy' will offer a rebate of about 5 per cent to buyers on new car purchases in lieu of scrapping of the old.
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