The minister emphasised that this initiative would enable parts recycling and reuse, contributing to both environmental protection and economic growth. The Haryana govt has launched the vehicle scrappage and recycling incentive policy, aimed at managing end-of-life vehicles (ELVs) registered within the state. The initiative enables proper disposal and recycling of old vehicles while promoting environmental sustainability through reduction of pollution.
Industries and commerce minister Rao Narbir Singh on Sunday highlighted that the growing volume of scrapped vehicles necessitated this policy. Following National Green Tribunal's directive limiting diesel vehicles to 10 years and petrol vehicles to 15 years in Delhi-NCR, the state govt took steps to tackle increasing number of decommissioned vehicles.
The minister emphasised that this initiative would enable parts recycling and reuse, contributing to both environmental protection and economic growth. The policy offers financial advantages to vehicle owners while addressing the issue of abandoned vehicles cluttering public spaces.
The state govt plans to implement the policy as an industrial scheme, offering capital subsidies or state GST reimbursement to new industrial units. The Haryana State Industrial & Infrastructure Development Corporation, under the industries and commerce department, will develop a 10-year land leasing framework.
Financial support through venture capital funds will be available for startups, women entrepreneurs, and Scheduled Castes candidates. Infrastructure development support of up to INR 20 crore will be provided, covering 10% of project costs (excluding land). Complete stamp duty reimbursement is offered in D-category industrial blocks, whilst B and C blocks receive 75% reimbursement.
The govt will support centres of excellence by providing grants worth 50% of project costs, capped at INR 5 crore. Furthermore, ten industries focusing on skill development and youth employment in Haryana will each receive INR 50 lakh in grants.
