FINANCIAL ASSISTANCE OF UP TO ₹20 LAKH FOR LOSS AND ACCIDENTAL COVERAGE FOR TRADERS
Face2News/Chandigarh
In a significant step towards strengthening the business ecosystem and providing social security to traders and the industrial community, the Haryana Government, under the leadership of Chief Minister Sh. Nayab Singh Saini has introduced key welfare initiatives for traders and extended the last date for registration under these schemes to May 31, 2026.
The State Government has operationalized two major schemes — the Chief Minister Traders Group Personal Accident Insurance Scheme and the Chief Minister Traders Compensation Scheme — aimed at providing financial protection and support to registered traders in case of unforeseen events.
Under the Chief Minister Traders Group Personal Accident Insurance Scheme, traders will be provided financial assistance of ₹5 lakh in case of loss of life or permanent disability due to an accident. The scheme offers affordable coverage with a nominal registration fee of ₹50, and applications can be submitted through an online portal.
Under the Chief Minister Traders Compensation Scheme, financial assistance will be provided to compensate for losses incurred by traders due to incidents such as fire or natural disasters that result in damage to stock. Registered traders will receive compensation based on their annual turnover, ranging from ₹5 lakh to ₹20 lakh, through the Haryana Government Security Trust.
As per the eligibility criteria, traders with an annual turnover of up to ₹20 lakh will be entitled to assistance up to ₹5 lakh with a registration fee of ₹100. Traders with turnover between ₹20 lakh and ₹50 lakh will be eligible for assistance up to ₹10 lakh with a registration fee of ₹500. Those with turnover between ₹50 lakh and ₹1 crore can avail assistance up to ₹15 lakh with a registration fee of ₹1,500, while traders with turnover between ₹1 crore and ₹1.5 crore will be eligible for assistance up to ₹20 lakh with a registration fee of ₹2,500.
Traders can apply for these schemes online through the official portal http://htwbhry.in. The Government has urged all eligible traders to take advantage of these beneficial schemes and complete their registration before the extended deadline.
These initiatives reflect the State Government’s commitment to safeguarding the interests of traders and providing them with a strong financial safety net against unforeseen losses.