Unfit, polluting vehicles will now be phased out: PM Modi while launching vehicle scrappage policy

Prime Minister Narendra Modi launched the national vehicle scrappage policy on Friday. In a video address, PM Modi said the policy will help phase out unfit and polluting vehicles.

Unfit, polluting vehicles will now be phased out: PM Modi while launching vehicle scrappage policy
Prime Minnister Narendra Modi has launched the vehicle scrappage policy. (Image - PTI)

Prime Minister Narendra Modi launched the much-awaited vehicle scrappage policy while virtually addressing the Investor Summit in Gujarat on Friday.

In a video address, PM Modi said the vehicle scrappage policy will help phase out unfit and polluting vehicles in an environment-friendly manner. Vehicles will not just be scrapped by their age, but also if they are found to be unfit in automated testing, he said.

"Vehicle scrapping will help phase out unfit and polluting vehicles in an environment-friendly manner. Our aim is to create a viable circular economy and bring value for all stakeholders while being environmentally responsible," PM Modi said. 

In another tweet, PM Modi said the vehicle scrappage policy will bring in investments of around Rs 10,000 crore. He also urged the youth and start-ups to join this programme. "The launch of vehicle scrappage policy today is a significant milestone in India's development journey. The Investor Summit in Gujarat for setting up vehicle scrapping infrastructure opens a new range of possibilities. I would request our youth and start-ups to join this programme," PM Modi said in a tweet.

"This policy will deeply benefit our middle class," he said. A certificate will be issued on the scrappage of old cars. It will ensure that these people get discount on buying new cars and benefit on taxes," PM Modi said.

"We are promoting a circular economy. The aim is to develop a sustainable and environment-friendly economy," PM Modi said.

"Modernity in mobility not only reduces the burden of travel and transportation, but also proves helpful for economic development," PM Modi said.