If you own a small business, then there is a positive news for you. Now small traders will be able to get an insurance cover of up to Rs 5 lakh under micro -entrepreneurs accident insurance scheme. Under this scheme, if the registered businessman dies, a grant of Rs 5 lakh will be given to his family. The Yogi government of Uttar Pradesh has approved this scheme. To avail the benefit of this 'Chief Minister's Micro -Entrepreneur Accident Insurance Scheme', the age of the businessman should be between 18 and 60 years.
In the event of permanent disability after the accident, the disability certificate issued by the CMO will be required. If there is an accident with the businessman, the victim's family member will have to apply online for the insurance amount. With this, the Deputy Commissioner will have to submit a copy of all the necessary documents. Subsequently, the insurance amount will be sent directly from the directorate level to the beneficiary's bank account within a month.
The benefit of this scheme will be available only to those traders who are not eligible under the Trade Accident Insurance Scheme run by the GST department. Additional Chief Secretary of MSME Department Amit Mohan Prasad said that about 96 lakh MSMEs are employed in the state, out of which only 15.50 lakh units are registered on the Industrial Portal. The state has more than 30 lakh small traders whose annual turnover is less than Rs 40 lakh. They will be given the benefit of insurance by registering on the portal.
Apart from this, residential colonies can be developed in big cities as well as small cities. With its implementation, the construction of the township will be possible in cities with less than 2 lakh population. In the policy, the minimum sector limit for small cities has been set 12.5 acres and 25 acres for large cities.
The range of maximum 500 acres of area in large cities has also been abolished. This decision of the government will pave the way for the development of small cities. Increasing investment in the private sector will generate employment opportunities at the local level and new avenues will also be opened for small investors in the real estate sector.
