Indian Cabinet Approves ₹9,585 Crore Scheme to Replace Old Vehicles in Delhi-NCR
Cabinet okays Rs 9,585 cr plan to replace old trucks, buses in NCR
Asianet Newsable
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The Indian Union Cabinet has sanctioned a ₹9,585 crore scheme aimed at replacing old trucks and buses in the Delhi-NCR region to combat air pollution. The initiative targets 1.91 lakh trucks and 16,329 buses, incentivizing owners to switch to cleaner vehicles compliant with BS-VI standards or electric options.
- 01The scheme will be funded by the National Capital Region Planning Board, with ₹5,041 crore from the Central Government.
- 02The transport sector is responsible for 14% of PM 2.5 and 63% of Nitrogen Oxide emissions in Delhi-NCR.
- 03Owners will receive a 5% interest subvention on loans and monthly fuel vouchers up to ₹4,800.
- 04State governments will waive registration fees and offer up to 100% motor vehicle tax concessions for new vehicles.
- 05Implementation will be digital, ensuring real-time monitoring and benefits for five years post-registration.
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On Wednesday, the Indian Union Cabinet approved a ₹9,585 crore scheme aimed at replacing outdated trucks and buses in the Delhi-NCR region to address severe air pollution issues. Targeting 1.91 lakh trucks and 16,329 buses, the initiative encourages owners of vehicles compliant with BS-IV or earlier emission norms to upgrade to BS-VI or electric vehicles. Funded through the National Capital Region Planning Board, the scheme will provide ₹5,041 crore from the Central Government and tax concessions from participating states. The transport sector contributes significantly to air pollution, with trucks and buses accounting for 36% of PM 2.5 emissions despite representing only 3% of the vehicle fleet. The scheme includes various incentives for vehicle owners, such as a 5% interest subvention on loans, monthly fuel vouchers, and tax waivers. The implementation will be fully digital, ensuring efficient management and monitoring of pollution reduction outcomes over a five-year period.
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The scheme is expected to significantly reduce vehicular emissions, contributing to improved air quality in the Delhi-NCR region.
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