Due to adverse provisions, only traders from the country are removed from the commercial pension scheme.
Monthly Rs. ૩૦૦૦ The Pension Minister's Small Business Honor Scheme has received very poor response across the country. When the scheme was introduced by the government, they were strongly campaigned. Yet for some specific reasons small traders are not even interested.
As far as the business of the whole country is concerned, the traders in Delhi, meanwhile, have stayed away from the scheme, while data from the Central Labor and Employment Ministry shows that only 3 traders from all over the country have joined the scheme. About 5 traders have registered in the scheme from all over the country.
The pension scheme will be Rs. It was introduced for traders with turnover less than Rs. It was announced that a pension would be paid. However, those merchants who are paying income tax were excluded. The plan provides that the pension be paid after 3 years. Thus, small traders have avoided the scheme due to the small amount of pension, age limit and certain conditions.
Regarding the scheme, the Federation of All India Business Council said, "The main thing is whether to call this scheme a commercial pension scheme." Today there will be hardly any businessman who does not file income tax return. In addition, traders over 6 years cannot apply to this scheme. The average age of most traders across the country is over 6 years.
Also important is that if a trader today has a turnover of Rs. If there is less than 1.5 crore members and become a member and if their turnover exceeds this limit in the next period, then they will be dropped from this scheme if the monthly Rs. Will a commercial business get a limited amount to get a pension of 1? In other words, these traders have to stay away from expanding the business. Young traders on the other side of the scheme are also removed from this scheme as the benefit of this pension is to be met after 3 years.
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