The programme will mark the settlement of long pending demands of the workers. As many as 4,800 workers will benefit due to the disbursal of dues, it said.
Workers of the Hukumchand Mill fought a long legal battle for the payment of their dues after the mill in Indore was closed in 1992, and went into liquidation.
On the initiative of the Madhya Pradesh government, the state Housing & Infrastructure Development Board and labour unions sealed an agreement and the settlement amount was deposited in the high court on December 20, as per the release.
During the function, PM Modi will also virtually perform bhumipoojan of various projects worth Rs 322 crore and dedicate to the people completed projects worth Rs 105 crore.
Madhya Pradesh Chief Minister Mohan Yadav will distribute benefits of various central schemes during the event. Retrofitted scooters will be given to 175 differently-abled persons on the occasion, the release said.