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India to credit ₹30.52 crore to 7.11 lakh small inactive EPF accounts in pilot program.
India will automatically credit ₹30.52 crore to 7.11 lakh inactive EPF accounts with balances of ₹1,000 or less, as part of a pilot program targeting accounts linked to Aadhaar and bank details.
The move aims to simplify access to small, unclaimed funds in accounts inactive for three years or more, totaling ₹10,903 crore across 31.86 lakh inactive accounts.
Simultaneously, the Ministry of Labour is expanding scholarships for children of unorganised workers by introducing merit-based awards of up to ₹25,000, allowing recipients to benefit from both welfare and merit aid.
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India creditará ₹ 30.52 crore a 7.11 lakh pequeñas cuentas inactivas de EPF en un programa piloto.