Union Minister Nitin Gadkari yesterday said that the government would soon come up with a policy to scrap vehicles that are more than 15 years old. Gadkari said that the policy would be implemented to control the increasing vehicular traffic in the country. Speaking further, he said that the policy has been almost finalised with NITI Aayog.
Gadkari had even said that Prime Minister Narendra Modi has also given a nod for the policy. “Due to this policy, pollution would reduce to a great length as 65% of it caused by heavy vehicles that are more than 15 years old,” said Gadkari, as per PTI.
Also, those who would give away their 15-year commercial vehicles would be entitled to a relief of about 5 lakhs if they purchase a new commercial vehicle worth 15 lakhs. The policy would result in a boost of Rs 10,000 crore in tax revenue, as the automobile sector would benefit heavily from this.