• In her budget speech for this year, Finance Minister Nirmala Sitharaman said, in addition to the vehicle scrappage policy announced in Budget 2021-22, more funds have now been allocated to support the efforts to scrap old vehicles under the central government Is. States will also be helped in scrapping old vehicles and old ambulances.
Finance Minister Nirmala Sitharaman has announced the budget 2023. He has insisted on scrap vehicle policy. According to the minister, the central government will allocate more funds for scrapping old vehicles. He also said that the Central Government will support the State Governments in scrapping old vehicles and ambulances.
In her budget speech this year, Finance Minister Sitharaman said, “In addition to the vehicle scrappage policy announced in Budget 2021-22, more funds have now been allocated to support the efforts to scrap old vehicles under the central government. States will also be helped in scrapping old vehicles and old ambulances."
To recall, the scrappage policy was announced in the last budget and was aimed at phasing out vehicles older than 15 years to boost the sale of clean-energy vehicles and new automobiles. The government also announced plans to scrap nine lakh vehicles owned by central and state governments, transport corporations and public sector undertakings from April 2023.
According to the Scrappage Policy 2022, the central and state governments will provide 25 per cent tax exemption on road tax for vehicles bought by scrapping old vehicles, in addition, the government will set up a scrapping facility within 150 km from every city centre. planning. countries to facilitate access.
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