Explanation:

The Minister for Road Transport & Highways made a Suo Moto Statement in the Parliament on proposed “Vehicle Scrapping Policy”.
The Policy proposes the following :-

• It is proposed that commercial vehicles be de-registered after 15 years in case of failure to get the fitness certificate.
• It is proposed that private Vehicles be de-registered after 20 years if found unfit or in case of a failure to renew registration certificate.
• It is being proposed that all vehicles of the Central Government, State Government, Municipal Corporation, Panchayats, State Transport Undertakings, Public Sector Undertakings and autonomous bodies with the Union and State Governments may be de-registered and scrapped after 15 years from the date of registration.

The scheme shall provide strong incentives to owners of old vehicles to scrap old and unfit vehicles:

• Scrap Value for the old vehicle given by the scrapping centre, which is approximately 4-6% of ex-showroom price of a new vehicle.
• The vehicle manufacturers are also advised for providing a discount of 5% on purchase of new vehicle against the scrapping certificate.
• In addition, the registration fees may also be waived for purchase of new vehicle against the scrapping certificate.

Hence all statements are correct.