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
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
03:37 PM IST