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The Voluntary Vehicle Fleet Modernization Programme (V-VMP), also known as the Vehicle Scrappage Policy, is an initiative by the Government of India aimed at phasing out old, unfit, and polluting vehicles to promote cleaner mobility and a circular economy. 🚗 Key Objectives Reduce air pollution by removing vehicles that fail emission norms. Promote fuel efficiency by encouraging adoption of BS6, hybrid, and electric vehicles. Improve road safety by eliminating vehicles lacking modern safety features. Boost the economy by stimulating demand for new vehicles and creating jobs in recycling and manufacturing sectors 🌱 Environmental & Economic Impact Expected to reduce vehicular emissions by 15–20%. Promotes eco-friendly development and supports India’s Sustainable Development Goals.