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Prime Minister Narendra Modi to launch 3 social security schemes linked to insurance and pension sector

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By NewsGram Staff Writer

The Prime Minister Narendra Modi will launch three ambitious social security schemes pertaining to the insurance and pension sector on 9th May 2015 at Kolkata.

The two insurance schemes to be launched, namely Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) would provide insurance cover, whereas the pension scheme, Atal Pension Yojana (APY), would address old age income security needs.

PMSBY will offer a renewable one year accidental death cum disability cover of Rs 2  lakh (Rs 1 lakh for partial permanent disability) to all savings bank account holders in the age group of 18 to 70 years for a premium of Rs. 12/- per annum per subscriber. The scheme would be administered through Public Sector General Insurance Companies (PSGICs) or other General Insurance companies.

PMJJBY on the other hand will offer a renewable one year life cover of Rupees 2 lakh to all savings bank account holders in the age group of 18 to 50 years, covering death due to any reason, for a premium of Rs.330/- per annum per subscriber. The scheme would be offered  through LIC or other Life Insurance companies willing to offer the product on similar terms.

APY, the third scheme to be launched, will focus on the unorganised sector and provide subscribers a fixed minimum pension of Rs. 1000, 2000, 3000, 4000 or Rs. 5000 per month starting at the age of 60 years, depending on the contribution option exercised on entering at an age between 18 and 40 years. Thus, the period of contribution by any subscriber under APY would be 20 years or more. The fixed minimum pension would be guaranteed by the government.

While the scheme is open to back account bank account holders in the prescribed age group, the Central Government would also co-contribute 50% of the total contribution or Rs. 1000 per annum, whichever is lower, for a period of 5 years for those joining the scheme before 31st December, 2015 and are not members of any statutory social security scheme and are not income tax payers.

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These Are The 5 Things You Need To Know Before Starting Your Own CBD Business

Selling CBD online can give you access to more customers, especially if you don’t think CBD will be particular popular in our neck of the woods.

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Your timing couldn’t be better when it comes to starting a CBD business. But there are a few unique caveats you need to be aware of. Pixabay

 

 

If you’re thinking about starting your own CBD business, then you’re in the right place. The CBD market is booming. Business Insider predicts that this industry will be worth over $2 billion in the next 3 years, and that means there is plenty of green to go around.

 

Your timing couldn’t be better when it comes to starting a CBD business. But there are a few unique caveats you need to be aware of. From obtaining a license, to buying CBD wholesale, to finally launching your website, there are many steps you must follow in order to start your new CBD business.

 

Here are the 5 things you need to know before you get out there and start your own CBD business:

 

 

  • Familiarize yourself with CBD laws.

 

Since the passing of the 2018 Farm Bill, it is now legal to grow and sell industrial hemp and industrial hemp-derived products. This includes CBD as long as that CBD is legally sourced from industrial hemp. Legally sourced means you can guarantee that your CBD contains 0.3% or less of THC. THC is the psychoactive cannabinoid in hemp, the one that makes you feel high, and it’s completely illegal in the United States. Marijuana contains higher levels of THC, which is why it’s illegal and CBD is not.

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Familiarize yourself with CBD laws. Pixabay

CBD is perfectly legal as long as it contains .03% or less of THC. The best way to guarantee that your CBD products are legal is to buy CBD wholesale from reputable suppliers.

 

 

  • Only buy CBD wholesale from a trustworthy supplier.

 

Whether you want to sell existing CBD products or create your own, you need to find a trustworthy CBD wholesale supplier. You want to guarantee that these suppliers provide you with CBD oils that are legally sourced, pesticide and toxin free, and that the company otherwise operates at or surpasses standard operating procedures.The best suppliers will include third-party test results with all of their CBD products. These results should confirm the levels of CBD and THC as well as the purity of their product.

 

For your consideration, each of the products in our Diamond Wholesale package are legally sourced from industrial hemp farms in Kentucky, Colorado, and Scandinavia. We extract our oils with a state of the art supercritical CO2 extraction system that protects the potency of the plant without the use of harmful toxins, and we include lab results with all of our products so you can see exactly what goes into each of them.

 

 

  • Obtain a license and/or register your new CBD business.

 

Once you find a CBD supplier that you trust, it’s time to register your business and obtain any necessary licenses you might need to legally sell CBD supplements in your state. Many wholesalers, including Diamond CBD, will require you to have a resale license in order to re-sell their products. The IRS will also require you to register a EIN or TIN in order to legally operate in the US. As a legally registered CBD business, you will be able to apply for loans, hire employees, and pay taxes like any other business. You’ll also be able to open a bank account for your business and hire an accountant if needed.

 

  • Build a website for your new CBD business.

 

Selling CBD online can give you access to more customers, especially if you don’t think CBD will be particular popular in our neck of the woods. You can use websites like Shopify or WordPress to build your online retail store and use social media to build your online presence. Even if you go with a traditional storefront, you can still use a website to maintain relationships with your customers and help educate others about the benefits of CBD.

 

 

  • Never make medical claims about CBD products.

 

The final and most important thing you must know before starting your own CBD business is to never make any medical claims about CBD. CBD has not been proven to cure cancer or any other diseases, and the FDA doesn’t support any of those claims either. Be sure to include the FDA’s disclaimer on your website or with your products and remind your customers that CBD is a health supplement, not a miracle cure.

Also Read: Sexual Harassment: Microsoft Employees Write The Email Chain To Initiate An Investigation

When it comes to starting your own CBD business, we know there are a lot of brands to consider when buying CBD wholesale. At Diamond CBD, we take pride in our product and guarantee a high-quality experience with every use. If you’re interested in buying CBD wholesale, we’d be happy to connect with you!