Government will soon consider small scale entrepreneurs by offering cheap loans and free accidental insurance coverage up to 1 Mn rupees to small businesses with annual sales up to 100 million rupees. After the ban of currency and implementation of GST small scale businesses situation were in crisis. India has about 70 Mn enterprises out of which only 4% have access to bank, credit or loans, said, Praveen Khandelwal, secretary general of the Confederation of All India Traders. As per the concession government will plan to offer 2 % discount points on business loans with annual sales of less than 50 Mn rupees and small businesses with top credit will get loans from banks at 9-10 %, while lower rated businesses can charge around 13-14 %. As per the report 30% of loans for small scale businesses comes from country’s shadow banking sector and more than half are offered by private money lenders at higher rates as 25% a month. Government also to plan pension programmes for retired traders registered with Government.