Government Insurance- The government of this state is giving full insurance to small businessmen, knowing what is included in it.
If you are a small business owner then there is great news for you. In Uttar Pradesh, under the leadership of Chief Minister Yogi, the government has launched an accident insurance scheme for small children. This scheme allows small traders to get accident insurance coverage up to Rs 5In case of the unfortunate death of the registered entrepreneur, the family is entitled to a grant of Rs 5 lakh, let us know the complete information-
Eligibility Criteria: To avail of the benefits of the ' Accident Insurance Scheme for Small Businessmen ' launched by Chief Minister Yogi's government, the age of the entrepreneur should be between 18 to 60Individuals within this age limit can apply for the scheme.
Claim Process for Disability: In case of permanent disability due to an accident, a disability certificate issued by the Chief Medical Officer (CMO) is mandatory. The family of the victim will have to apply online for the insurance amount and submit the claim with all the required documents to the Deputy Commissioner of Industries. The insurance amount will then be transferred directly to the bank account of the nominee within a month.
Specification of the scheme: This scheme is designed for traders who are not eligible for benefits under the Business Accident Insurance Scheme managed by the GST Department. There are around 96 lakh micro, small and medium enterprises (MSMEs) operating in the state, out of which only 15.50 lakh units are registered on the Udyam portal. Small traders with an annual turnover of less than Rs 40 lakh can avail of this insurance benefit by registering on the portal.
Urban Development Policy: The government has introduced a policy allowing the establishment of residential colonies in small towns. It includes municipalities in cities with a population of less than 2The policy sets a minimum limit of 12.5 acres for small towns and 25 acres for big-city districts. The 500-hectare ceiling in major cities has also been removed, encouraging development in smaller towns. This decision is expected to boost private sector investment , create local employment opportunities and provide opportunities for small investors in the real estate sector.