State government to scrap, recycle old vehicles: Narbir

The Haryana Government has notified the Vehicle Scrappage and Recycling Facility Incentive Policy, 2024, which will enable proper disposal and recycling of old vehicles while promoting environmental sustainability through reduction of pollution.

Industries and Commerce Minister Rao Narbir Singh said after the National Green Tribunal (NGT) fixed the passing limit period of 10 years for old diesel vehicles and 15 years for petrol vehicles in the National Capital Region (NCR), the number of condemned vehicles was continuously increasing and in view of this, the state government had taken the decision.

The initiative would contribute to both environmental protection and economic growth. Vehicle owners would also get financial benefits and public would get relief from parking condemned vehicles on roads, streets and other public places, he said.

The government planned to implement the policy as an industrial scheme, offering capital subsidies or state GST reimbursement to new industrial units. Under the policy, the Department of Industries and Commerce would develop a 10-year land leasing module through the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), he said.

The government would provide financial assistance to startups, women entrepreneurs, and candidates of the Scheduled Caste category to establish venture capital funds. Financial assistance of up to Rs 20 crore would be provided, covering 10 per cent of project costs (excluding land). Complete stamp duty reimbursement was offered in D-category industrial blocks, whilst B and C blocks received 75 per cent reimbursement.

He said a 50 per cent grant of the project cost would be given for setting up the Centre of Excellence, which would be up to a maximum of Rs 5 crore. Besides this, Rs 50 lakh would also be given to 10 such industries which provided skills and employment to the youth of the state, he added.