EPFO is a government-run social security scheme that provides retirement benefits to employees, which helps the government to reduce social imbalances. Here are some ways in which the EPFO scheme is helping the government to reduce social imbalances:

Promoting financial security: EPFO promotes financial security by ensuring that employees have a retirement corpus when they retire, which helps to reduce poverty and promote economic stability.

Forced savings: EPFO encourages forced savings by mandating contributions from both employees and employers, which helps to promote financial inclusion and reduce income disparity.

Social security: EPFO provides social security by ensuring that employees have access to a retirement corpus and are not left financially vulnerable in their old age, which helps to reduce social imbalances and promote equality.

Reducing burden on government: EPFO reduces the burden on the government by providing retirement benefits to employees, which helps to reduce the need for government assistance and promotes financial independence.

By promoting financial security, forced savings, social security, and reducing the burden on the government, EPFO is helping the government to reduce social imbalances and promote economic stability and prosperity.