The Indian government plans to introduce a pension scheme that would require major platform aggregators to contribute 2% of each gig worker's income.
Platform aggregators, including Swiggy, Zomato, Binkit, and Uber, would be responsible for depositing the pension amount into the gig workers' Employee Provident Fund Organisation (EPFO) accounts.
The scheme aims to strengthen the social security framework for gig workers, providing essential health insurance, death and disability cover, and pension benefits.
This move follows the evaluation of ride-hailing and logistics platforms, which scored low on fair pay, fair conditions, and fair representation for gig workers.