Delhi OKs PARIVARTAN: Up to 10 years tax exemption for new eco-vehicles
GS3Economy · S&T · Environment · Security· Infrastructure (energy, ports, roads, railways)· Prelims + Mains·
Why in news
The Delhi government approved the PARIVARTAN scheme to provide up to 10 years of motor vehicle tax exemptions to incentivize the replacement of old commercial vehicles with BS-VI or electric vehicles.
Background
The PARIVARTAN scheme offers 100% motor vehicle tax exemption, registration fee waivers, and interest subvention for owners replacing old trucks, buses, and goods carriers. To qualify for full benefits, owners of BS-IV or older light goods vehicles must scrap their old units and purchase new electric light goods vehicles (LGVs).
Facts for Prelims
- SchemePARIVARTAN: A Delhi government scheme to promote eco-friendly commercial vehicles and reduce pollution.
- FactTax exemption period: Up to 10 years for owners replacing old vehicles with BS-VI or electric models.
- FactEligibility: Includes trucks, buses, and goods carriers; specific requirements for BS-IV or older light goods vehicles.
- FactIncentives: Includes 100% motor vehicle tax exemption, registration fee waiver, interest subvention, and fuel vouchers.
For Mains
Q. Examine how fiscal incentives like the PARIVARTAN scheme can effectively transition India's commercial transport sector towards sustainable mobility and reduced carbon footprints.
Keywords: Fiscal Incentives · Sustainable Mobility · Carbon Footprint · Vehicle Scrappage · Pollution Mitigation
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