- The scheme will apply to 20 years old private vehicles and 15-year-old commercial vehicles.
- Details of the scheme will be outlined by the Ministry of Road Transport and Highways.
- Likely to be a voluntary scheme.
Union Budget 2021: Vehicle Scrappage Policy announced, details to follow
Feb 1, 2021
Union Budget 2021: The long-awaited scrappage policy has finally been announced in the Union Budget 2021 delivered by Finance Minister Nirmala Sitharaman. While the voluntary policy was sketched, details of the scheme are likely to be announced by the Ministry of Road Transport and Highways in the weeks to come.