Rajasthan e-vehicle policy: Government sanctions Rs 40 cr grant; 3,000 e-vehicle buyers to be reimbursed
"We have received funds from the state government and all pending dues related to electric vehicle purchase of this financial year will be cleared soon," Transport Commissioner K L Swami said
Around 3000 e-vechile buyers in Rajasthan who purchased their electric vehicle in the current financial yaer will be reimbursed for the State Goods and Services Tax that they paid while purchasing the vehicle, a PTI report said. The reimbusrsement will be made under the Rajasthan Electric Vehicle Policy (REVP) came into being from Thursday. The state government has sanctioned a fund of Rs 40 crore for contribution on the purchase of electric vehicles, the PT report said.
Of Rs 40 crore, a grant amount of Rs 5 crore is to be disbursed to 3,000 vehicle owners (who purchased vehicles in the current fiscal year) in the state, which will be done soon.
"We have received funds from the state government and all pending dues related to electric vehicle purchase of this financial year will be cleared soon," Transport Commissioner K L Swami said.
In order to encourage people in the state to buy electric vehicles, the Rajasthan government has come up with an e-vehicle policy.
An official of the transport department said that a notification in this regard was issued on Wednesday. The policy will be for a period of five years from September 1, 2022.
Chief Minister Ashok Gehlot had announced the policy in the budget 2019-20, and had approved the draft policy on 24 May this year.
Under this, the government approved the proposed one-time contribution on the purchase of electric vehicles and an additional budget provision of Rs 40 crore for reimbursement of State Goods and Services Tax (SGST).
With the increase of electric vehicles, which is encouraged through the policy, pollution caused by diesel and petrol vehicles in the state will come down, the official said.
The state government had announced to reimburse Rs 5,000 to Rs 10,000 SGST amount for two-wheelers and Rs 10,000 to 20,000 for the purchase of three-wheelers according to the battery capacity of the vehicle.
At the same time, the transport department has received a sum of Rs 40 crore to clear the pending cases of grant on the purchase of electric vehicles.
An amount of Rs 18 crore was given as grants to people who bought e-vehicles in the last financial year in 12 Regional Transport Office (RTO) areas of the state.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
03:37 PM IST