Haryana government has notified the Vehicle Scrappage and Recycling Facility Incentive Policy 2024 registered in the state. The initiative will enable proper disposal and recycling of old vehicles while promoting environmental sustainability through reduction of pollution.
Sharing more details in this regard Industries and Commerce Minister, Rao Narbir Singh said that after the NGT fixed the passing limit period of 10 years for old diesel vehicles and 15 years for petrol vehicles in the National Capital Region (NCR), the number of condemned vehicles is continuously increasing and in view of this, the Haryana government has taken this decision.
He emphasised that this initiative of the government will enable vehicle parts, recycling and reuse, contributing to both environmental protection and economic growth. Vehicle owners will also get financial benefits, and the public will get relief from parking condemned vehicles on roads, streets and other public places, said the Minister.
The Industries and Commerce Minister said that the state government plans to implement the policy as an industrial scheme, offering capital subsidies or state GST reimbursement to new industrial units. Under the policy, the Department of Industries and Commerce will develop a 10-year land leasing module through the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), he added.
The Minister Rao Narbir Singh said that the state government will provide financial assistance to start-ups, women entrepreneurs, and candidates of the Scheduled Caste category to establish venture capital funds. Financial assistance of up to Rs. 20 crore will be provided covering 10 percent of project costs (excluding land). Complete stamp duty reimbursement is offered in D-category industrial blocks, whilst B and C blocks receive 75 percent reimbursement.
He said that a 50 percent grant of the project cost will be given for setting up the Center of Excellence, which will be up to a maximum of Rs. 5 crore. Besides this, a grant of Rs. 50 lakh will also be given to 10 such industries which provide skills and employment to the youth of the state.