Kolkata: In a boon for unorganised sector, the Union government is planning to create a social security fund.
The social security fund is a scheme to support various segments of unorganised sector in India.
Speaking to reporters in Kolkata, Union Labour Minister Bandaru Dattatreya on Thursday said, "We are planning to create a social security fund and will soon start working on Unorganised Workers Identification Number (UWin) card within few months."
While inaugurating the new office building of the Employee's State Insurance Corporation (ESIC), he said, "A committee has already been set up to look after the matter and nearly 43 crore labourers working in unorganised sector will be benefitted under the scheme."
He said, "It will be linked with Aadhaar and initially 10 crore unorganised workers will be registered under the UWin card scheme. I would like to urge the state government to help centre in this project."
Regarding EPFO's investments in the stock market, he said, "The Centre has decided to invest 15 percent of its investible fund to exchange traded fund (ETF) in 2017-18. Nearly Rs 23,000 crore of the Rs 1.5 lakh crore of investible funds of the Employee's Provident Fund Organisation (EPFO) will be invested in ETF.”
While expressing his unhappiness over the absence of state labour minister from the inaugural event, he said, "It is unfortunate that the state Labour Minister (Moloy Ghatak) and the state government representatives skipped today's event. They should have attend this programme because it was not a political event but an event for the labourers."
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