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Govt notifies constitution of National Traders’ Welfare Board
National

Govt notifies constitution of National Traders’ Welfare Board

Agency News

New Delhi, Jul 30: The commerce and industry ministry has notified the constitution of a National Traders' Welfare Board that will identify ways to improve access to funds for this unorganised sector and suggest measures to simplify acts and rules applicable to traders.The board will identify policy measures to achieve the objective of welfare of traders and their employees, suggest simplifications in the Acts and Rules applicable to traders, make recommendations to reduce the compliance burden of traders and improve access to funds for traders.

The Board will also make recommendations regarding social security benefits like insurance, pension, and healthcare for traders and their employees, make recommendations to address any other problems and issues of traders and their employees. Joint Secretary, Department for Promotion of Industry and Internal Trade (dealing with Internal Trade) will be the Convener of the Board. Department for Promotion of Industry and Internal Trade shall provide secretarial assistance to the National Traders’ Welfare Board.

The board will meet at least once in every quarter, said the notification dated July 26. The Board was a key poll promises of the BJP and will improve access to funds, cut down on compliance burden. UNI