Budget 2023 Highlights Vehicle Scrapping Policy: In Budget 2023, Finance Minister Nirmala Sitharaman has made a big announcement regarding old vehicles and scrapping policy. The Finance Minister has said that it is necessary to scrap old diesel and petrol vehicles and states will be assisted for this. He said that the policy will be promoted for scrapping vehicles and for this the central government will work with the states.
Finance Minister Nirmala Sitharaman said that adequate funds have been allocated to convert old vehicles deployed in central government departments into scrap. Along with this, central support will also be given to the state governments to replace old vehicles and ambulances.
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Sitharaman made this announcement while presenting the budget for the financial year 2023-24 in the Parliament. He said that replacing the old polluting vehicles with new vehicles is very important in making the economy green.
He said that in this head a provision of adequate funds has been made to replace the old vehicles of the Central Government. Apart from this, the state governments will also be supported to replace old vehicles and ambulances.
Road Transport and Highways Minister Nitin Gadkari recently said that more than nine lakh public sector vehicles owned by central and state governments that are more than 15 years old will stop plying on the roads from April 1, 2023. In their place, new vehicles and buses will be put on the roads.
The Ministry of Road Transport and Highways has also issued a notification in this regard. In this way, along with the vehicles of Central and State Governments, buses of transport corporations and vehicles of public units will also be unregistered after completion of 15 years and they will become junk.
However, this rule will not apply to special purpose vehicles like armed and military vehicles. Apart from this, vehicles deployed in law and order and internal security have also been kept out of its purview.