The Union government is reviving a plan to extend health insurance, life insurance and provident fund facilities to all workers.
“The aim is social security to all. If a segment of the 475 million workforce are already getting social security benefits, we are striving to cover the rest of the working community,” said M. Sathiyavathy, secretary labour and employment in the Union government.
Pankaj Bansal, co-founder and chief executive of human resource and staffing firm PeopleStrong said, “The future of the social security net looks inclusive for the labour-intensive sectors like textiles, real estate, manufacturing, automobiles etc. Here most of the job creation will move from informal to formal.”
This article was published on LiveMint