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Insurance cover likely for traders under national retail trade policy

Proposed national retail trade policy to support kirana stores

Kirana store, shopkeeper, shops, retailers, offline, coronavirus, crawford market, masks, grocery
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FILE IMAGE: A shopkeeper wears a mask and sanitizes his hands at Crawford market in Mumbai | Photo: PTI

Shreya Nandi New Delhi
The Department for Promotion of Industry and Internal Trade (DPIIT) will soon start public consultation for a national retail trade policy, which is likely to include an insurance scheme aimed at providing financial protection against losses caused by theft, accidents or natural calamities.

The policy will also spell out ways to give traders access to low-cost finance, promote digital inclusion, and create necessary infrastructure to support them, a senior government official told Business Standard.

This is expected to offer relief especially to traditional traders, who are facing stiff competition from large e-commerce players. The former have accused some of these foreign-funded behemoths of