Complex sentence: India has about 100-120 million migrant workers and as per recent study by the Centre for Micro Finance (CMF), only 22% of India's migrant labourers have bank accounts, this is because many do not have identification or "official" residency.
Split into simpler sentences: India has about 100-120 million migrant workers and as per recent study by the Centre for Micro Finance (CMF), only 22% of India's migrant labourers have bank accounts. This is because many do not have identification or "official" residency.