Delhi government invests ₹9,585 crore in vehicle replacement scheme
pre-market1 source ↓written by the desknot a recommendation
- Naya Safar Yojana
- ₹9,585 crore
- ageing commercial vehicles
- 2.07 lakh
- on vehicle loans
- 5% interest subsidy
- vouchers
- ₹4,800
The Central government approved the ₹9,585 crore Naya Safar Yojana to replace 2.07 lakh ageing commercial vehicles in Delhi-NCR. This scheme aims to combat pollution by incentivizing the switch to BS-VI or electric models with interest subsidies and fuel vouchers.
• 5% interest subsidy on vehicle loans for five years
• Monthly fuel vouchers up to ₹4,800
• 100% tax concession on new vehicles
This initiative could boost demand in the automotive sector and improve air quality in the region.
Not investment advice. For informational purposes only.