What is the ‘Vehicle Scrappage Policy’ FM announced in the Budget?
The policy aims to prevent pollution in the country
Intends to phase out old vehicles
Fitness test for private vehicles that have completed 20 years
For commercial vehicles, this is 15 years
The Central Government will soon publish the details
The policy will increase demand for new vehicles
Scrappage policy exists in many countries
Many countries have benefitted from such a policy
Earlier, the government had decided to impose a green tax on old vehicles
