The announcement of voluntary scrappage of vehicles in the Union Budget 2021-22 is regarded as a major decision in the positive direction to give the Indian automobile industry a much-needed boost. Still dealing with the aftermath of the pandemic, this comes as a relief to the auto sector. This also aligns itself well with the emission regulation laws to protect the environment. This is because the decaying of the vehicle on the road-side has created some serious health hazards to the people as well as to the environment by adding to the air and land pollution. Improper disposing of the vehicle has even polluted some water bodies and this contributes majorly to the toxic materials being added to the water bodies. This policy was proposed for a long time and finally, the government has given it a nod to implement it. There will be invested by the government to create jobs in this field.
Also read: Why is Vehicle Scrappage Policy important for India?
