Union Budget 2021: Voluntary Vehicle Scrappage Policy To Be Announced Soon
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Highlights
Personal vehicles to undergo fitness tests after 20 years
Commercial vehicles to undergo fitness tests after 15years
In her presentation of the Union Budget 2021, Nirmala Sitharaman, India s Finance Minister, said “We are separately announcing a voluntary vehicle scrapping policy to phase out old and unfit vehicles. This will help encourage fuel-efficient and environment-friendly vehicles, thereby reducing vehicular pollution and oil import bills. More details will be shared soon by the Ministry. She said this will promote fuel-efficient and environment friendly vehicles while cutting on India s huge import bills. The proposed scrappage policy says that if a vehicle fails the fitness test more than thrice, it might be subjected to mandatory scrapping, according to the proposed policy. That said, the government is yet to roll