Poket News

Government notifies incentives and disincentives pertaining to Vehicles Scrapping Policy

 

  • In the policy, there is a system of incentives and disincentives to nudge vehicle owners to discard old and polluting vehicles, which have higher maintenance and fuel consumption costs. 
  • The Road Transport and Highways Ministry said, as an incentive, there will be a waiver of the fee for issue of certificate of registration for a new vehicle, purchased against the authority of the Certificate of Deposit, issued by a Registered Vehicle Scrapping Facility for a vehicle being scrapped.