x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Siblings ran international drug cartel on directions of handlers in Pak, Canada | LG Sinha releases ‘Jai Kashmir’ | Delegations call on Lieutenant Governor | 50 Pak terrorists active in eight Jammu districts | We hit 9 terror targets in Pak with precision: NSA Doval | Crime Branch books SI, teacher, Anganwadi worker for using fake documents | PM Modi to distribute over 51,000 appointment letters | Wildlife Board clears over 30 defence projects | ED restores Rs 55 cr proceeds of crime | 10th batch of over 6,400 pilgrims leaves for Kashmir | ACB arrests lineman for accepting bribe | GST-linked bank account mandatory for e-tendering | Groom among 3 injured in mishap | NMC suggests 3-tier grievance-redressal mechanism | Justice for terror victims | Technology is helping turn NEP 2020 vision into reality in classrooms | The paper bag: A simple switch for a cleaner world | Kanwar Yatra: A Journey of Faith, Endurance, and Devotion | CM Yogi hears grievances of people in Janata Darshan | Yogi Govt deploys anti-drones to ensure safe, secure Kanwar Yatra | CM Pushkar Singh Dhami stresses simplification of Loan, Insurance processes | Jodhamal student sets an international record | Back Issues  
 
news details
Govt formally rolls out JK Transport Subsidy Scheme
Eco-friendly buses to replace 15-year-old vehicles
11/20/2019 9:40:55 PM
Early Times Report
JAMMU, Nov 20: Government today formally accorded sanction to the introduction of Jammu and Kashmir Transport Subsidy Scheme for replacement of 15 year old buses with Rs 5 lakh subsidy to Transporters.
The order issued by the Principal Secretary Transport Department Dr Asgar Hassan Samoon reads that the scheme is to provide impetus to the public transport by providing subsidy to the transporters for introducing new eco-friendly fuel efficient buses compliant to BS-IV and above norms.
Notably, Rs 25 crore have already been earmarked for the purchase of old buses by private players in 2019-20 Budget. The amount of subsidy would be Rs 5 Lakh per Bus.
The order also reads that the scheme may be extended to mini buses/matadors in near future.
To ensure transparency, open advertisement will be issued for calling interested operators to avail subsidy.
"The subsidy needs to be provided to only those who are in need of loan to raise capital, state pollution board will certify age of the vehicle. J&K Bank will be one of the banks that may provide loan to the operators besides banks shall make the payment to OEM along with subsidy," the scheme reads.
The scheme also comes with a rider for the beneficiary operators that they must ply these vehicles on identified routes for 5 years for which concerned RTOs shall file compliance report after every six months.
"The beneficiary operators have to ensure that vehicles clear Government fees, including Token tax, Passenger tax, Fitness Fees, Permit Fee, bank liability etc besides the vehicles should have a valid permit renewed up-to-date along with insurance certificate," the scheme reads.
According to the scheme, for availing the subsidy, the concerned officers would be required to condemn the vehicle/s and get it scrapped and only after deregistration of vehicle/s they shall be allowed to avail the subsidy.
The scheme also says that applicants shall be allowed three months to purchase the vehicles after entering into loan agreement with the concerned bank and subsidy component shall be transferred to the bank on capital investment for subsequent payment to O.E.M.
For periodically reviewing the working of the scheme a Committee will be formed with Principal Secretary Transport as Chairman, Transport Commissioner J&K as member, RTO Jammu and RTO Kashmir as Member Secretaries for Jammu and Kashmir division respectively.
The mandate of the Committee would be to identify and finalize the list of beneficiaries besides deciding under the scheme any class of public service vehicle like diesel driven Matadors/Mini buses plying in the twin-capital cities of Jammu and Srinagar.
According to the scheme, a sub-committee with Transport Commissioner as Chairman, Director Motor Garages, Managing Director JKSRTC as members besides RTOs of Srinagar and Jammu and member secretaries respectively would ensure that existing 15 years old buses are not used and allowed plying in Union Territory and are scrapped by the transporter in their presence within stipulated time.
Notably, the innovative scheme conceptualized by Dr Samoon has futuristic objectives of promoting clean technology besides obviating traffic jams.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU