Economy · India

Unclaimed Money Piles Up in Indian Government Schemes

The government has revealed that a significant amount of unclaimed money is lying with two of its schemes, LIC and EPFO. The latest figures show that LIC holds ₹7,318 crore in unclaimed funds, while EPFO parks ₹9,330 crore in inoperative accounts. This raises questions about the efficiency of these schemes and how to address the issue.

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