02-01-2021 12:01 PM | Source: Dion Global Solutions Ltd
Budget 2021: FM announces voluntary vehicle scrapping policy to phase out old vehicles
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Finance Minister Nirmala Sitharaman on Monday announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles. Presenting the Budget for 2021-22 in Parliament, Sitharaman said that under voluntary vehicle scrapping policy, personal vehicles would undergo fitness test after 20 years while commercial vehicles would require it after completion of 15 years. She said this will promote fuel-efficient and environment friendly vehicles while cutting on India"s huge import bills.
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