Lok Sabha Question No. 1525 (UNSTARRED), answered on 2021-02-10
Subject: Scheme for Traders
Ministry: COMMERCE AND INDUSTRY
Asked by: Malook Nagar

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 1525.

TO BE ANSWERED ON WEDNESDAY, THE 10 TH   FEBRUARY, 2021.

## SCHEME FOR TRADERS

## 1525. SHRI MALOOK NAGAR:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) whether the Government has any scheme to empower big and small traders of the country;
- (b) if so, the details of the beneficiaries thereof;
- (c) the  details  of  the  Government  schemes  to  promote  import  and  export  at international level; and
- (d) whether  the  small  traders  are  being  given  any  special  exemption  under  the scheme; and
- (e) if so, the details thereof and if not, the reasons therefor?

## ANSWER

## वाणिज् यवव द्योग म त्रालयमेंराज् यम त्रर(श्रर सोमप्रकाश) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI SOM PARKASH)

- (a) & (b): A  number  of  schemes  have  been  launched  for  supporting  traders. Details are  annexed at Annexure-I
- (c) to (e): A  number  of  schemes  have  been  launched  to  promote  import  and export at  international level. Details are annexed at Annexure-II.

## ANNEXURE-I

## ANNEXURE  REFFERRED  TO  IN  REPLY  TO  PARTS  (a)  &  (b)  OF  THE  LOK SABHA UNSTARRED QUESTION NO. 1525  FOR ANSWER ON 10.02.2021

## Details of Schemes for supporting Traders

## 1. National  Pension  Scheme  for  Traders,  Shopkeepers  and  Self-Employed Persons

Ministry  of  Labour  &  Employment  has  launched  'National  Pension  Scheme  for Traders,  Shopkeepers  and  Self-Employed  Persons"  on  12.09.2019.  It  is  a voluntary  and  contributory  pension  scheme.  Enrolment  to  the  scheme  is  done through the Common Service Centres with its network of 3.50 lakh Centres across the  country.  In  addition,  eligible  persons  can  also  self-enroll  through  visiting  the portal  www.maandhan.in.  The  traders  in  the  age  group  of  18-40  years  with  an annual turn over not exceeding Rs. 1.5 crore and are not member  of EPFO/ESIC/MPS/PM-SYM or an income tax payer, can join the scheme. Under the  scheme,  50%  monthly  contribution  is  payable  by  the  beneficiary  and  equal matching  contribution  is  paid  by  the  Central  Government.  Subscribers,  after attaining the age of 60 years, are eligible for a monthly minimum assured pension of Rs. 3,000/-. Life Insurance Corporation (LIC) of India acts as a fund manager and record keeping agency. The LIC is also responsible for managing the pension fund and pension payout. As on 31.01.2021, over 43000 enrolments have taken place under this scheme.

## 2. Emergency Credit Line Guarantee Scheme (ECLGS)

Emergency  Credit  Line  Guarantee  Scheme  (ECLGS)  was  introduced  as  an emergency measure to combat the unprecedented crisis caused in the wake of Covid-19  pandemic.  Under  the  scheme,  credit  from  Scheduled  Commercial Banks,  Financial  Institutions,  Non-  Banking  Financial  Companies  is  provided  to eligible  Micro,  Small  &  Medium  Enterprise  (MSME)  units,  business  enterprises and individual loans for business purposes upto 20% of their outstanding credit as on 29.2.2020. This additional credit is fully covered by a credit guarantee provided by  National  Credit  Guarantee  Trustee  Company  Ltd.  (NCGTC).  The  loans provided under ECLGS have a 12-month moratorium on repayment of principal. The Scheme has been extended through ECLGS 2.0 for the 26 sectors identified by the Kamath  Committee  and  the  health  care  sector.  The entities with outstanding  credit  above  Rs.  50  crore  and  not  exceeding  Rs.  500  crore  as  on 29.2.2020  were  made  eligible  under  ECLGS  2.0.  The  scheme  is  valid  till 31.3.2021  or  till  guarantees  for  an  amount  of  Rs  3,00,000  crore  is  sanctioned, whichever is earlier. ECLGS is also available to eligible non-MSME enterprises. As  informed  by  NCGTC,  as  on  25.1.2021,  the  cumulative  sanctioned  amount under the scheme is Rs 2.39 lakh crore.

*******

## ANNEXURE  REFFERRED  TO  IN  REPLY  TO  PARTS  (c)  TO  (e)  OF  THE  LOK SABHA UNSTARRED QUESTION NO. 1525  FOR ANSWER ON 10.02.2021

## Details of the Government Schemes to promote import and export at international level

## 1. Remission of Duties and Taxes on Exported Products (RoDTEP)

A new Scheme, Remission of Duties and Taxes on Exported Products (RoDTEP) has been operationalized w.e.f 01.01.2021.  Department of Revenue (DoR) and the Department of Commerce (DoC) are working to finalize the modalities related to  the  scheme,  including  scheme  guidelines,  exclusion  categories  etc.   The Department of Revenue has constituted a RoDTEP Committee to interact with the all stakeholders, including Exporters, Export Promotion Council and Ministries and to recommend to the Government ceiling rates for items/ sectors identified by the Government. The Committee's work is ongoing. The disbursal of rebate amounts to individual exporters is to be implemented by the CBIC in an end-to-end digitized environment in the form of electronic transferable duty credit scrips, which will be maintained  at  the  Customs  server.   The  RoDTEP Scheme  is  based  on  the principle that taxes and duties are not to be exported and will help stimulate exports by making Indian merchandise cost competitive in international markets.

## 2. Export Promotion Capital Goods Scheme

Under  Export  Promotion  Capital  Goods  scheme,  the  export  obligation  can  be fulfilled directly by the authorisation holder or though a merchant exporter. Even exports  though  merchant  exporter  is  counted  for  fulfilling  export  obligation, provided,  the  Authorization  details  of  manufacturer  is  indicated  in  the  export documents.

*********