PARIVARTAN Scheme

The Ministry of Housing and Urban Affairs (MoHUA) has approved the guidelines for the PARIVARTAN Scheme. The scheme is in news due to this approval and its focus on replacing older, highly polluting trucks and buses in the National Capital Region (NCR) with cleaner vehicles.

PARIVARTAN Scheme :

Dimension	Key Details
Full form	PARIVARTAN comprises Programme for Accelerated Renewal and Incentivization of Vehicle Assets for Reducing Transport Air Pollution and Network Emissions.
Launching authority	The PARIVARTAN Scheme is launched by the central government.
Geographic focus	The scheme applies to the replacement of older, highly polluting trucks and buses operating in the National Capital Region (NCR).
Vehicle replacement category	The scheme provides for replacement with cleaner Bharat Stage (BS)-VI compliant vehicles or electric vehicles.
Implementing ministry	The scheme is implemented by the Ministry of Road Transport and Highways (MoRTH).
Funding	The scheme is funded by the National Capital Region Planning Board (NCRPB).
States and UT covered	The scheme covers Rajasthan, Haryana, Uttar Pradesh, and NCT of Delhi.
State/UT action under the scheme	Rajasthan, Haryana, Uttar Pradesh, and NCT of Delhi have issued notifications granting Motor Vehicle Tax incentives under the scheme.
Incentives provided	The scheme provides for Motor Vehicle Tax concessions, registration fee waivers, 5% interest subvention on vehicle loans, a minimum 8% OEM discount on eligible new vehicles, monthly fuel voucher support for eligible diesel and CNG replacement vehicles, one-time financial assistance for electric replacement vehicles, and Certificate of Deposit (CoD) trading.
Implementation platform	The scheme is implemented through an integrated digital platform that seamlessly interfaces with VAHAN, V-Scrap, DigiELV, the Public Financial Management System (PFMS), and participating lenders.