 statement of objects and reasonsthere are innumerable small traders and businessmen spread throughout the country they are not wealthy and sometimes their total investment does not exceed twenty-five thousand rupees no bank is likely to give loans to them as they usually have nothing to offer as guarantee in their old age, there is no security and there is no insurance cover for them it has been observed that many of them carry on business from temporary structure they do not even have permanent structure to sell their wares therefore, in order to provide security to them in their old age and assist them in their business, it is proposed to set up a national commission to protect their interests hence the bill new dewut; ' jayaprada july 25,2006  financial memorandumclause 3 of the bill seeks to provide for setting up of a national commission for small and marginal traders clause 4 provides for the setting up of state commission by every state government clause 6 provides that national commission shall release funds to the state commissions to implement the provisions of this bill clause 7 provides that the central government shall release funds to the national commission after due appropriation the expenditure in respect of state commissions shall be borne out of the consolidated funds of the respective states however, the central government may have to provide funds to the state governments for carrying out the provisions of the bill the bill, therefore, if enacted, is likely to involve expenditure from the consolidated fund of india it is estimated that a recurring expenditure of rupees one thousand crore is likely to be incurred a non-recurring expenditure of about rupees ten thousand crore is also likely to be involved memorandum regarding delegated legislationclause 10 of the bill empowers the central government to make rules for carrying, out the purposes of the bill since the rules will relate to matters of detail only, the delegation of legislative power is of anormal character 