What and Why is Vehicle Scrappage Policy INDIA || क्या है वाहन परिमार्जन नीति

The Scrappage policy, if announced during the Union Budget 2021 and eventually implemented would mean that old vehicles plying on the roads will be phased out. Such vehicles that are major contributor of environment pollution are the ones that will be targeted under Scrappage policy. Usually old vehicles that have had their run for between 15-20 years are likely to be considered.
The government of India in Union Budget 2021, has introduced Voluntary Vehicle Scrappage Policy to eliminate the inefficient and polluting vehicles. According the policy, private vehicles above 20 years and commercial vehicles above 15 years will have to undergo fitness test at authorized fitness center. Only those vehicles are that are deemed to be fit will be allowed to run, and rest will be sent in vehicle scrap yard. The government has also planning to introduce "Green Tax" under which transport vehicles older than 8 years will be charged a Green Tax at the time of renewal of fitness certificate, at the rate of 10-25% of road tax.

Earlier entrepreneurs were reluctant to enter vehicle scrappage business in India, but with the formal introduction of vehicle scrappage policy, automobile recycling industry in India will get giant boost.

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