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The Centre said on 28 August 2026 that more than 1,300 beneficiaries had registered on the PARIVARTAN portal, with the count taken as of 27 August 2026.
42 banks and non-banking financial companies, covering 3,806 branches, have been onboarded to lend under the scheme, and 15 automobile manufacturers have signed MoUs to pass on the mandated discount.
PARIVARTAN was approved by the Union Cabinet on 3 June 2026 with a total outlay of Rs 9,585 crore, including Rs 5,041 crore of central budgetary support.
It aims to replace over 2 lakh BS-IV-or-older commercial trucks and buses registered in Delhi and the NCR districts of Haryana, Rajasthan and Uttar Pradesh with BS-VI or electric vehicles.
The Ministry of Road Transport and Highways implements the scheme; funding flows through the National Capital Region Planning Board under the Ministry of Housing and Urban Affairs.
PARIVARTAN runs on a single digital platform rather than through separate departmental counters. The portal interfaces with VAHAN, the national vehicle registration database, and with V-Scrap and DigiELV, which handle the scrapping of end-of-life vehicles and the certificates that come out of it. Disbursement of the central share is routed through the Public Financial Management System (PFMS), and participating lenders and fuel companies are plugged into the same platform so that a loan, a scrapping certificate and a fuel voucher attach to one beneficiary record. Oil marketing companies IOCL, HPCL and BPCL, along with Indraprastha Gas Limited, service the fuel voucher component. The design matters for the exam because it is the same template the Centre now uses across benefit schemes: one portal, an existing identity or asset database underneath, and PFMS at the payment end.
PARIVARTAN sits inside the broader scrappage framework that mandates fitness testing for commercial vehicles after 15 years and private vehicles after 20, and created the Registered Vehicle Scrapping Facility and Automated Testing Station network.
India skipped BS-V and adopted BS-VI from 1 April 2020, which is why the surviving BS-IV fleet is the specific target of the replacement drive.
The National Capital Region Planning Board, a statutory body under the NCRPB Act, 1985, funds the scheme, which is why an air-pollution measure is financed by an urban planning body rather than by MoRTH's own budget.
GRAP restricts the entry of older commercial vehicles into Delhi during severe air quality episodes; PARIVARTAN is the supply-side counterpart that gives operators a way to comply permanently.