Waive taxes and provide microfinance to promote cycle ownership in India, says TERI’s new report
![](/sites/default/files/styles/large/public/default_images/press-icon.jpg?itok=DaaOcgul)
The Government should waive taxes on cycles that cost less than Rs 5,000 to promote cycle ownership in the country, says a new study. The Energy and Resources Institute (TERI) in association with the 'All India Cycle Manufacturers' Association' launched the report, "Pedalling towards a Greener India: A report on promoting Cycling in the country" at an event in New Delhi today. It is a detailed study on cycling and the cycle industry in India.