Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Ministry of Road Transport and Highways will organize a ‘Transport Mela’ on 28 October 2026 under the ‘Parivartan’ scheme at Burari, Delhi-NCR to help truck and bus owners avail scrapping, finance, and purchase of new, cleaner vehicles. The event will bring together OEMs, dealers, registered vehicle scrapping facilities, banks, NBFCs, oil marketing companies, and city gas distributors to offer on-the-spot guidance on incentives such as up to 8 % additional OEM discounts, 5 % interest subsidy on vehicle loans, 100 % road-tax waiver for 10 years, one-time benefits for EVs, monthly fuel vouchers, and registration-fee exemptions. Nearly 40,000 beneficiaries have already registered on the Parivartan portal, reflecting the scheme’s traction among commercial fleet operators.
This initiative aligns with broader policy themes tested in Banking, SSC, and RBI Grade B exams, including government schemes for green mobility, financial inclusion through NBFCs and banks, and fiscal incentives for sustainable transport. Aspirants should note how such schemes integrate governance, economics, and environmental sustainability—key areas often probed in descriptive and objective sections of these examinations.
Source: PIB (Press Information Bureau)
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