Govt to launch Market Associations Reward scheme

Deputy Chief Minister Manish Sisodia will launch the Scheme at a function during which a dedicated Market Associations Portal will also be launched. 

Under the scheme to be launched by Department of Trade and Taxes, every year VAT collection target will be fixed for each market and if the VAT collection from a market exceeds the target, 10 per cent of the VAT collected over and above the target from that market will be given to the market association.

Commissioner (VAT) SS Yadav said under the scheme, 10 best market associations would also get an award of Rs 5 lakh each every year and this money would be in addition to the VAT revenue shared with the Association for exceeding the target. 

To be eligible for award under the scheme, the Market Association has to register itself with the Department of Trade and Taxes, Delhi government, through its website or through the portal, specially designed for the market associations.