The government may announce to implement the Vehicle Scrap Policy (Vehicle Junk Policy) for the old four-wheelers and towers from next month. The implementation of the much-awaited vehicle junk policy will give strength to the country's economy facing sluggishness and decline. The automobile sector will gain momentum as demand for new vehicles increases. Customers will get new vehicles up to 30 percent cheaper. Older vehicles will reduce air pollution by 25 percent. At the same time, large scale employment will be available at scrap centers.
Will work as a lifeline for the economy
A senior official of the Ministry of Road Transport and Highways said that the vehicle junk policy is in the final stages of setting up the 15-year-old private and commercial four-wheeler and two-wheelers. The vehicle junk policy will then be sent to the cabinet. After getting approval from there, the process of implementing it will start. The official said that in present times of the Kovid-19 epidemic, the vehicle junk policy will be a lifeline for the economy.
What will happen to the old trains
According to media reports, the provision of removing 15-year-old vehicles from the roads in the Vehicle Junk Policy has been done away with. But to run such trains, a fitness certificate will have to be taken every year. Along with this, the fees for registration renewal (registration renewal) has been increased from two to three times. This will attract vehicle owners to buy new vehicles by selling old vehicles.
New vehicles will be free registration
On presenting a certificate of selling the old car to the junk center, the registration fee will be waived for the purchase of the new car. According to an estimate, 2.80 crore vehicles will be covered under the new vehicle junk policy. With this policy, large scale vehicle junk centers will be built in the country. This will create new employment opportunities in large numbers. At the same time, the automobile sector will be able to get parts like steel, aluminum, plastic in the recycling cheaply.
How much will the fees increase
After the implementation of the Vehicle Junk Policy, the registration fee of the new motorcycle will be one thousand rupees. But if you renew the old, then the fee will be two thousand rupees.
The registration fee for the new three-wheeler and auto will be Rs 5,000, while the registration fee for the old vehicle will be Rs 10,000.
The registration fee for the new LMV (luxury taxi) will be Rs 5,000, while the renewal fee of the old has been increased to Rs 15,000.
Renovation of heavy vehicles like trucks, buses, etc. has been increased from 20,000 to 40,000 thousand rupees. Not only this, but a penalty of 500 rupees per month will also be charged for delay in renewal. The rate on a motorcycle will be Rs 300 per month.
The registration fee for the new car will be Rs 10,000, while the renewal fee of the old car has been reduced to Rs 20,000.