Overview
- The Meghalaya State Cabinet has approved the Vehicle Scrappage Policy, aiming to phase out 13,000 vehicles in its first phase of implementation.
- The policy targets 5,000 government vehicles aged 15 years or older and 8,000 private vehicles aged 35 years or older.
- Key objectives include reducing air pollution, cutting fuel imports, and promoting recycling of vehicle materials.
- Tax rebates of up to 25% for non-commercial vehicles and 15% for commercial vehicles are offered to incentivize compliance, with durations of up to 15 and 8 years respectively.
- The policy reflects local economic considerations, with a more lenient 35-year threshold for private vehicles compared to stricter caps in states like Delhi.