Centre issues rules for Parivartan vehicle replacement scheme in Delhi

Centre issued operational guidelines for Parivartan vehicle replacement scheme in Delhi.

Light goods vehicles in Delhi can only be replaced with electric models under the scheme.

Incentives for scrapping older buses are available only if replaced with electric or BS-VI CNG vehicles.

Owners of eligible BS-IV vehicles may sell their vehicles outside NCR or NCAP areas instead of replacing.

Vehicle owners opting for replacement get 100% motor vehicle tax exemption for 10 years, full registration fee waiver, 5% interest subvention on loans, and minimum 8% discount on ex-showroom price.