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National Retail Policy coming soon, these benefits including insurance for small shopkeepers

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National Retail Policy coming soon, these benefits including insurance for small shopkeepers

The central government may soon announce the much-awaited National Retail Trade Policy. Along with this, Accident Insurance Scheme for Traders can also be announced for domestic traders registered under GST. News agency PTI has given this news quoting government officials.

Retail sector will get many benefits

According to the news, the objective of the National Retail Trade Policy is to provide better infrastructure and easy access to credit to the traders. According to the news, the policy aims to ensure easy availability of credit at an affordable rate, pave the way for modernization and digitization of retail trade, provide facilities for modern infrastructure like distribution chain, develop skills and increase the productivity of labor force and reduce grievances. Measures can be taken such as preparing an effective system for redressal.

Shopkeepers also get many benefits

In the news, quoting a government official, the government is not only trying to make changes in the field of e-commerce, but is also bringing a National Retail Trade Policy for retail traders running shops. This policy will provide all kinds of benefits to the businessmen including ease of doing business, providing better infrastructure, providing more loans.

This is the purpose of retail policy

It is believed that under the proposed National Retail Trade Policy, special attention can be given to the disposal of complaints. Under this, a single window clearance mechanism can be arranged for the traders. Apart from this, centralized and computerized inspection management system can also be prepared. At the same time, accident insurance is being said to be a big step for traders.

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fast growing retail market

Let us tell you that India is currently one of the fastest growing retail markets in the world. This is the reason why big domestic corporate houses like Reliance Industries to Tata Group are also making big bets in this retail space, while on the other hand multinational companies like Amazon and Walmart are also leaving no stone unturned. During the past years, e-commerce has grown rapidly in India and now it has reached even small towns. Due to these rapid changes, the demand for National Retail Trade Policy has been rising since many years.

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