"Government would be undertaking a nationwide campaign to locate the beneficiaries to distribute inoperative amount worth about Rs 27,000 crore lying in the Employees Provident Fund Organisation (EPFO)," Labour Minister Bandaru Dattatreya said.
Speaking at an skill development programme organised by Assocham, he said private sector’s co-operation is needed for not letting such an amount to further accumulate in the retirement fund body.
Also, the Minister said that in the upcoming Budget 2015-16, government will allocate Rs 390 crore to make employment exchanges in the country hubs of career centres.
"Employment exchanges in our country have become only registration centre of unemployed people but our government wants to make it as national career service centres and we would be allocating an amount of Rs 390 crore in the upcoming budget to finance this (programme)," Dattatreya said.
He said that India can provide employment to as many as 10-12 crore people in the near future by imparting good vocational training and skills for the surplus manpower available in the country.

Latest News  from Business News Desk