If you own a small business then there is good news for you. Because now small traders will be able to cover accident insurance up to Rs 5 lakh under micro entry insurance scheme. On the death of a businessman registered under this scheme, a grant of Rs 5 lakh will be given to his family members. The Yogi government of UP has also approved this scheme. To avail the benefit of the Yogi government’s ‘Chief Minister’s Mukhyamantri Mounty Entrepreneur Accident Insurance Scheme’, the age of the businessman should be between 18 and 60 years. Because people of this age can apply for the scheme.
In case of permanent disability after the accident, the disability certificate issued by the CMO will be mandatory. In case of an accident with the businessman, the victim’s family member will have to apply online for the insurance amount. A copy of this will have to be submitted to the Deputy Commissioner with all the necessary documents. After this, the insurance amount will be sent directly to the bank account of the person nominated by DBT from the directorate level within one month.
Under this scheme, only those traders who are not eligible for profit 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 working in the state. Out of this, only 15.50 lakh units are registered on the Udyam portal. There are more than 30 lakh small traders in the state whose annual turnover is less than Rs 40 lakh. They will be given the benefit of insurance by registering on the portal.
Residential colonies will be able to settle in big cities as well as small cities. With its implementation, now a township can be built in cities with less than 2 lakh population. In the policy, the minimum area limit for small cities has been fixed 12.5 acres and 25 acres for townships in large cities.
Apart from this, the limit of maximum 500 acres of area in big cities has also been eliminated. This decision of the government has opened the way for the development of small cities. Increased investment in the private sector will create employment opportunities locally and open ways for small investors in the real estate sector.