Confirming the move Industry Minister Sikander Bakht said workers in companies, which are being wound up, are eligible for retrenchment benefits but the new package would give them the best possible benefits under an improvised Voluntary Retirement Scheme (VRS) "We are not interested in throwing out even a single worker on the road. We are going to be very generous with the workers," Bakht told PTI in an interview.

The nine PSUs are National Bicycle Corporation (NBCIL), Cycle Corporation (CCIL), Bharat Process and Mechanised Engineering (BPME), Weighbird India (WIL), Mining and Allied Machinery Corporation (MAMC), Tannery and Footwear Company (TAFCO), Rehabilitation Industries Corporation (RIC), National Instruments (NIL) and Bharat Ophthalmic Glass (BOGL).

Bakht said though he did notexpect workers to retaliate against the "extremely positive" package, which is expected to be cleared this month, there could be a "backlash from vested interests who are politically interested in keeping the issue going."

Bakht declined to give details on funding of the package but said raising resources for the VRS would not be a problem. "There is going to be no difficulty in finding the money. As such we are already giving them money from the exchequer to pay their wages," he added.