Unorganised Workforce

Payments banks aim to further financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low-income households, small businesses, other unorganised sector entities and other users. India Post Payments Bank (IPPB) is starting its operations from August 21. India Post Payments Bank will offer...

India's total workforce is 600 million, of which 9 per cent belong to the organised sector and the remaining 91 per cent fall under unorganised category.

"The scheme will be launched by the Prime Minister in the first week of September," the Union Labour Minister said.

The Centre will issue smart cards to workers in the unorganised sector in the country and set up a National Vocational Training Institute for skill development, Minister of State for Labour and Employment Bandaru Dattatreya said in Thiruvananthapuram today.

Payments banks aim to further financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low-income households, small businesses, other unorganised sector entities and other users. India Post Payments Bank (IPPB) is starting its operations from August 21. India Post Payments Bank will offer...

India's total workforce is 600 million, of which 9 per cent belong to the organised sector and the remaining 91 per cent fall under unorganised category.

"The scheme will be launched by the Prime Minister in the first week of September," the Union Labour Minister said.

The Centre will issue smart cards to workers in the unorganised sector in the country and set up a National Vocational Training Institute for skill development, Minister of State for Labour and Employment Bandaru Dattatreya said in Thiruvananthapuram today.