The Government of Haryana on January 04, 2024, notified the Mukhyamantri Vyapari Kshatipurti Yojana (MVKY) under which all eligible beneficiaries will be compensated for the loss of stock of goods caused by fire/natural calamities. The amount of compensation shall depend upon the category classified based on the turnover as per the HGST Act, 2017.
The beneficiary will register for the scheme through an online portal developed by HTWB and HPSN with an annual (Financial Year) registration fee as prescribed. This fee will be collected by HTWB and then HTWB will Transfer the Funds to the Trust. The Board shall inform the beneficiaries of coverage under the MVKY through advertisement on the portal and through promotion activity. The scheme shall come into operation from the financial year 2023-24.
The GST registered taxpayers of the State of Haryana will be registered for the scheme through the online portal of Haryana Traders Welfare Board.
The registration is one time however for application of the scheme the window will remain open between 1st March to 31st March every year. Claims can only be lodged for incidents occurring 30 days after registration, both date of registration and incident included.
The implementing agency for the scheme will be Haryana Parivar Suraksha Nyas (HPSN), Government of Haryana in association with Haryana Traders Welfare Board. The Chief Executive Officer, Haryana Parivar Suraksha Nyas shall be overall in charge of the scheme and necessary instructions in respect to its proper enforcement and accounting procedure shall be issued by HPSN from time to time.
[Notification No. Plg (HPSN)-2024/38]
