What is the vehicle scrappage policy proposed by the government?

Transport Minister Nitin Gadkari on Thursday detailed the proposed vehicle scrappage policy that provides for fitness test after 20 years for personal vehicles and for commercial vehicles on completion of 15 years. Vehicles failing to pass the fitness test will be de-registered. Registered scrapping centres would provide scrap value equivalent to 4-6% of the ex-showroom price of the new vehicle.