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Financial Protection Under CM’s Accidental Insurance Scheme: “₹10 Lakh Assistance for Traders”

Estimated reading time: 2 minutes

In a heartwarming initiative, the State GST Department has taken a step towards ensuring the security of traders and their families. Through the Chief Minister’s Accidental Insurance Scheme, the department is offering substantial assistance amounting to ₹10 lakhs to the dependents of traders who tragically lose their lives in accidents. This program aims to provide financial stability during difficult times and is a testament to the commitment of the Uttar Pradesh government, led by CM Yogi Adityanath, to safeguarding the interests of its traders and their loved ones.

The Chief Minister’s Accidental Insurance Scheme: An Overview

The Chief Minister’s Accidental Insurance Scheme is a pioneering effort by the State GST Department to provide financial protection to traders and their families. This scheme offers a sum of ₹10 lakhs to the dependents of traders who have met with fatal accidents, thereby offering a sense of security during challenging times.

Immediate Activation: No Premium Required

One of the standout features of this scheme is its ease of access. As soon as a trader gets registered in the state GST system, the insurance becomes automatically activated. The beauty of this initiative lies in the fact that no additional premiums or charges are imposed on the merchants. This not only simplifies the process but also ensures that traders can avail the benefits without any financial burden.

Timely Support for Deceased Dependents

In the unfortunate event of a trader’s demise due to a serious accident, their dependents need not worry about wandering for assistance. The State GST Department ensures that the ₹10 lakhs assistance is promptly provided to the affected families. This immediate financial support plays a crucial role in alleviating the financial strain that families might experience in the aftermath of such a tragedy.

The Government’s Dedication to Traders’ Welfare

The proactive approach of the Uttar Pradesh government, led by CM Yogi Adityanath, is commendable. This scheme underscores the government’s dedication to prioritizing the welfare of traders and their families. By offering a safety net through the Chief Minister’s Accidental Insurance Scheme, the government is sending a strong message of support to the trader community.

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