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Union Cabinet Approves PARIVARTAN Scheme to Replace Over 2 Lakh Vehicles

ainewsroom kairos by ainewsroom kairos
August 28, 2026
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The Union Cabinet has approved the PARIVARTAN scheme for replacing BS-IV or prior emission norms compliant vehicles in Delhi and NCR districts with BS-VI or stricter norm compliant vehicles. The scheme offers incentives to eligible beneficiaries.

On June 3, 2026, the Union Cabinet approved the PARIVARTAN (Programme for Accelerated Renewal and Incentivization of Vehicle Assets for Reducing Transport Air Pollution and Network Emissions) Scheme. The initiative aims to replace over 2 lakh trucks and buses conforming to Bharat Stage (BS)-IV or prior emission norms, registered in the National Capital Territory of Delhi and the NCR districts of Haryana, Rajasthan, and Uttar Pradesh, with BS-VI or stricter norm compliant or electric vehicles. The scheme is being implemented by the Ministry of Road Transport and Highways (MoRTH) and funded through the National Capital Region Planning Board (NCRPB) under the Ministry of Housing and Urban Affairs (MoHUA).

The PARIVARTAN Scheme has a total financial outlay of ₹9,585 crore, including ₹5,041 crore in budgetary support from the Central Government. Eligible beneficiaries purchasing new BS-VI or stricter norm compliant diesel or CNG vehicles, or electric vehicles, are entitled to a package of incentives comprising a 5% interest savings on eligible vehicle loans for 5 years, a 100% Road Tax Waiver for a period of 10 years and full waiver on registration fees, at least 8% discount on ex-showroom price from participating Original Equipment Manufacturers (OEMs), and monthly fuel vouchers ranging from ₹1,200 to ₹4,800, depending on vehicle category, for a period of five years for BS-VI diesel or CNG vehicles, or a one-time incentive ranging from ₹64,000 to ₹2.56 lakh for electric vehicles.

The scheme was launched and beneficiaries have already registered on the PARIVARTAN Portal. Banks and non-banking financial companies (NBFCs) have been onboarded to provide interest subvention on vehicle loans, while Memorandums of Understanding (MoUs) have been signed with OEMs to extend discounts to eligible beneficiaries.

A multi-pronged awareness campaign is being undertaken to reach eligible vehicle owners across Delhi-NCR regarding the benefits and registration process under the Scheme.


Source:

Press Information Bureau

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ainewsroom kairos

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