Context
Recently, the Ministry of Housing and Urban Affairs (MoHUA) approved the Guidelines for the PARIVARTAN Scheme to accelerate the replacement of ageing commercial vehicles in the National Capital Region (NCR).
About the PARIVARTAN Scheme
- PARIVARTAN (Programme for Accelerated Renewal and Incentivization of Vehicle Assets for Reducing Transport Air Pollution and Network Emissions) is a Central Government initiative to replace ageing, high-emission trucks and buses in the National Capital Region (NCR) with Bharat Stage (BS)-VI-compliant or electric vehicles (EVs).
- The scheme is funded by the National Capital Region Planning Board (NCRPB).
- The Governments of Delhi (NCT), Haryana, Uttar Pradesh, and Rajasthan have issued notifications granting Motor Vehicle Tax concessions to support the scheme’s implementation.
Key Incentives
- Motor Vehicle Tax concessions and waiver of registration fees for eligible replacement vehicles.
- 5% interest subvention on vehicle loans.
- A minimum 8% discount from Original Equipment Manufacturers (OEMs) on eligible new vehicles.
- Monthly fuel vouchers for eligible diesel and CNG replacement vehicles.
- One-time financial assistance for eligible electric replacement vehicles.
- Benefits through Certificate of Deposit (CoD) trading.
Digital Implementation
- The scheme will be implemented through an integrated digital platform linked with VAHAN, V-Scrap, DigiELV, the Public Financial Management System (PFMS), and participating lenders.
- The platform will integrate vehicle scrappage, incentive disbursal, and financial assistance through a seamless digital interface.
