“The scrappage policy will provide a new identity to the country's auto sector. It will play a huge role in removing unfit vehicles from roads, and bring a positive change in all sectors and not just auto sector,” Prime Minister Modi said. The central government, he said, has taken this step as the country, in the 21st century, needs “clean, congestion-free and convenient mobility.”

 

Describing it as a “waste-to-wealth mission,” the Prime Minister further said that the policy is an important part of the circular economy.

 

“It will reduce pollution from our cities and also reflects the government's commitment towards rapid development. The policy will bring investments worth more than ₹10,000 crore and, in the process, create employment opportunities for thousands of youngsters,” he said.