- Advertisement -
Home Personal Finance New rule for companies like Swiggy and Uber: Contribution of 1-2% of...

New rule for companies like Swiggy and Uber: Contribution of 1-2% of turnover to workers’ welfare fund.

0

Aggregators will be required to contribute 1-2% of their annual turnover to a welfare fund for gig and platform workers. The new labor code also defines “gig workers,” “platform workers,” and “aggregators.” Under the new rules, gig and platform workers will be issued Aadhaar-linked Universal Account Numbers (UANs).

The implementation of the new labor codes is expected to improve the conditions of workers at companies like Swiggy and Uber. Aggregators will be required to contribute 1-2% of their annual turnover to a welfare fund for gig and platform workers. This provision is included in the new labor codes. The government implemented four new labor codes on November 21st.

New definition of gig workers

The new labor code also defines “gig workers,” “platform workers,” and “aggregators.” Under the new rules, gig and platform workers will be issued Universal Account Numbers (UANs) linked to Aadhaar. This number will enable workers to access welfare schemes. If workers leave one state for work in another, their UAN will also allow them to access welfare scheme benefits in the new state.

Gig workers will get many facilities

The Social Security Code, 2020, defines gig workers as individuals who work and earn money outside the traditional employer-employee setup. These gig workers will now be entitled to social benefits such as healthcare, accident cover, maternity benefits, and old-age protection. This is considered a major government decision in the interest of gig workers.

Registration of workers above 16 years of age

The National Social Security Board has been tasked with advising the government on this task. The board will also develop and monitor schemes for unorganized, gig, and platform workers. It will review records at the state level, including fund utilization. Registration will be mandatory for gig workers over the age of 16, through self-declaration and the use of Aadhaar. The government will also launch a helpline to assist gig workers. The helpline will assist them with registration and enrollment.

Karnataka and Telangana have already prepared the framework

States like Karnataka and Telangana have already established such welfare frameworks. Karnataka notified the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Act, 2025, on September 12. Under this act, aggregator platforms charge a welfare fee of 1-5 percent on every transaction made by gig workers.

Read More: Tejas turns into a ball of fire after crashing at Dubai Air Show, know why this indigenous fighter plane is special

- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Add businessleague.in as a Preferred Source

Exit mobile version