Union Minister for MSME and Road Transport & Highways, Sh. Nitin Gadkari has welcomed the Voluntary Scrappage Policy announced in the Union Budget.
- While tabling the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said that the vehicles would undergo fitness tests after 20 years in automated fitness centres in the case of personal vehicles (PV), and after 15 years in the case of commercial vehicles (CV).
- In his post-budget interaction with the media at his residence, Sh. Gadkari said that the scrappage policy will lead to new investment of around Rs.10,000 crores, and create as many as 50,000 jobs.
- The policy would cover an estimated 51 lakh light motor vehicles (LMV) that are above 20 years of age, while another 34 lakh LMVs are above 15 years.
- It would also cover 17 lakh medium and heavy motor vehicles, which are above 15 years, and currently without valid fitness certificates.
- These vehicles are estimated to cause 10-12 times more pollution than the latest vehicles.
