Transporters who want to replace old buses can avail 5 lakh subsidy for new buses: RTO Kashmir

Srinagar, 02 March: To encourage the introduction of eco-friendly fuel-efficient buses in the valley Regional Transport officer Kashmir, Iqramullah Tak on Tuesday said that all those transporters having fifteen year old buses and want to condemn them can avail subsidy of 5 Lakh for new buses.

While talking with news agency-Kashmir News Service (KNS), he said that government has already accorded sanction to a scheme to provide Rs 5 lakh subsidy to transporters for replacing 15-year old buses and added that whosoever wants to condemn their old buses can visit the office and after finishing required formalities, case will be forwarded to regional office to avail subsidy amount.

He further said that the scheme is applicable for buses only while decision regarding other vehicles can be taken later on.

It is pertinent to mention here that an order was issued by the Commissioner Secretary, Transport Department Hridesh Kumar for the payment of subsidy for replacement of old fleet of buses which reads “Sanction is hereby accorded for one-time authorization to the transport commissioner to draw the funds in official account and further transfer the entitled amount of subsidy to the beneficiary through DBT mode by issuing advice to the J&K”.

The order further reads, “The DBT unit of NIC shall register the J&K Transport Subsidy Scheme on DBT portal immediately as per the request of Transport Commissioner. The scheme is intended to provide impetus to public transport by providing subsidy to transporters for introducing new eco-friendly fuel-efficient buses compliant to BS-IV and above norms.” (KNS)