This could be based on the scheme already being operated by the
Uttar Pradesh government for traders. Sources said small traders could get
accidental insurance cover of up to Rs 10 lakh based on turnover.
The scheme, if approved by the government, is likely to be
announced by the end of this month before the commencement of the Budget
session, the sources added.
PMSBY currently provides Rs 2 lakh accidental
cover just at affordable rate of Rs 12 per annum. The Scheme is available to
people in the age group 18 to 70 years with a savings bank account who give
their consent to join and enable auto-debit on or before May 31 every year.
Besides, the government is also considering to provide concessional finance to
traders, who wish to adopt computerisation and upgrade their businesses.
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