J-K Sanctions Transport Subsidy Scheme To Encourage Fuel Efficient Buses auto.economictimes.indiatimes.com
To encourage the introduction of eco-friendly fuel-efficient buses, the Jammu and Kashmir administration has formally accorded sanction to a scheme to provide Rs 5 lakh subsidy to transporters for replacement of 15-year old buses.
In an order issued on Tuesday, Principal Secretary of the Transport department Asgar Hassan Samoon said the scheme is intended to provide an impetus to public transport by providing subsidy to transporters for introducing new eco-friendly fuel-efficient buses compliant to BS-IV and above norms.
Simon said it would ensure optimum usage of the available road space by transporting the maximum number of people per unit of road space, thus obviating the problem of congestion, traffic jams, and pollution.
“The scheme is also intended to help in curtailing rising car ownership, the problem of vehicle parking and reduced road space,” he said, adding that the scheme may be extended to minibusses or matadors in the near future.
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