HomeBREAKING NEWSOdisha Cabinet approves old vehicle scrapping policy 2022

Odisha Cabinet approves old vehicle scrapping policy 2022

Published on

Bhubaneswar: Odisha old vehicle scrapping policy 2022: The Odisha Cabinet chaired by Chief Minister Naveen Patnaik has approved the Registered Scrapping Facility Policy -2022 to phase out old vehicles from the roads. Pramila Mallick, Minister of Revenue and Disaster Management in Odisha, informed about this in the Assembly on Wednesday.

Notably, aimed at reducing pollution from vehicles, this policy recommends mandatory scrapping of vehicles over 15 years old at a scrapping centre. Owners will also get incentives to buy new vehicles, she added.

Advertisement

sparax amazon

As per the policy, vehicles that have not renewed their registration certificate, have not been granted the certificate of fitness, outlived their useful life, vehicles 15 years old and above, owned by government agencies or autonomous councils etc. will be scrapped at designated RVSF centers.

Vehicles older than 15 years will be scrapped at designated collection centers. Against a scrapped vehicle, if the owner wants to purchase a similar type of vehicle, the government will provide motor vehicle tax relief.The government will provide a scrapping fee of 6 percent of the ex-showroom price of a new vehicle purchased by the owner.

Under this policy, the state will also offer incentives to investors who will set up Registered Vehicle Scrapping Facilities (RVSF) in Odisha. Registered vehicle scrapping facilities will be treated as industrial units and IDCO will provide industrial plots to the investors as per industrial policy guidelines.

Read Also | Coal Ministry to conduct Investor Conclave in Mumbai

[amazon_auto_links id=”635″]

Share Market

NSE IPO GMP Falls to ₹55 Ahead of Allotment and Listing

NSE IPO GMP fell to ₹55 on September 21 from ₹285, while the IPO closed 5.67 times subscribed. Check estimated listing price and subscription.

CAS: Nifty Falls 1.2% as F&O Expiry Triggers Sharp Closing Auction Volatility

Nifty fell 1.2% and Bank Nifty 1.43% on F&O expiry as Closing Auction Session volatility triggered sharp intraday swings.

More like this

Banks Open Today Ahead of Three-Day Nationwide Strike

Public sector and Regional Rural Banks will remain open today ahead of a three-day bank strike, with RBI approving normal operations.

Ishwar Chandra Vidyasagar: Social Reformer Remembered On His 207th Birth Anniversary

Ishwar Chandra Vidyasagar is remembered on his birth anniversary for advancing women’s education, widow remarriage and social reform in India.

OSSTET 2026 Exam on September 30, Download Admit Card, Check Details

OSSTET 2026 will be held on September 30 from 9 AM to 11:30 AM. Check reporting time, admit card and exam-day requirements.