States to get incentives for scrapping old vehicles
ROADS & HIGHWAYS

States to get incentives for scrapping old vehicles

The Union Finance Minister has included road transport under the scheme for providing special assistance to states for scrapping old vehicles.

State governments will be incentivised for scrapping government vehicles that are older than 15 years, waiver of liabilities on old vehicles, and tax concessions to individuals for scrapping old vehicles.

An amount of Rs 1.07 trillion has been allocated under the scheme and will be provided in the form of 50 year interest free loan for capital projects.

The amount provided to states is over and above the Normal Borrowing Ceiling(NBC). Financial assistance is provided through centre’s budgetary resources.

The amount will be disbursed in eight parts for various purposes like PM Gati Sakthi, PM Gram Sadak Yojana, incentive for digitalization, scrapping old vehicles, etc.

Also Read
CIDCO issues tender for road construction under NAINA project
Madhya Pradesh proposes development of greenfield smart cities

The Union Finance Minister has included road transport under the scheme for providing special assistance to states for scrapping old vehicles. State governments will be incentivised for scrapping government vehicles that are older than 15 years, waiver of liabilities on old vehicles, and tax concessions to individuals for scrapping old vehicles. An amount of Rs 1.07 trillion has been allocated under the scheme and will be provided in the form of 50 year interest free loan for capital projects. The amount provided to states is over and above the Normal Borrowing Ceiling(NBC). Financial assistance is provided through centre’s budgetary resources. The amount will be disbursed in eight parts for various purposes like PM Gati Sakthi, PM Gram Sadak Yojana, incentive for digitalization, scrapping old vehicles, etc. Also Read CIDCO issues tender for road construction under NAINA project Madhya Pradesh proposes development of greenfield smart cities

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?