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PARIVARTAN Scheme Offers Incentives for Cleaner Commercial Vehicles

PARIVARTAN Scheme Offers Incentives for Cleaner Commercial Vehicles
PARIVARTAN scheme benefits: Up to ₹2.56 lakh EV incentive, ₹4,800 monthly fuel voucher and 5% loan saving · businesstoday.in

PARIVARTAN is a government programme to replace older, more polluting commercial vehicles.

It applies to certain trucks and buses in Delhi and nearby parts of Haryana, Rajasthan, and Uttar Pradesh.

Owners can replace old vehicles with electric, BS-VI diesel, or CNG vehicles.

People buying electric vehicles may get up to ₹2.56 lakh.

People choosing eligible diesel or CNG vehicles may receive fuel vouchers each month for five years.

Buyers can also save 5% on vehicle-loan interest for five years.

Vehicle makers must provide at least an 8% discount on eligible replacement vehicles.

The programme also includes some tax, registration, and old-liability concessions.

Key facts

Total financial outlay
₹9,585 crore, including ₹5,041 crore in central government support
Target vehicles
More than two lakh trucks and buses conforming to BS-IV or older norms
EV incentive
₹64,000 to ₹2.56 lakh, depending on vehicle category
Fuel voucher
₹1,200 to ₹4,800 per month for five years
Loan benefit
5% interest subvention for five years
OEM discount
At least 8% off the original equipment manufacturer's price
Current registrations
1,450 old truck and bus owners had registered; the government expects more than 25,000 by October 2026

Sources

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