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Swiggy, Zomato may pay 2% for gig workers’ earnings for pension
Indian government plans to implement a pension scheme requiring platform aggregators to contribute 2% of each gig worker’s income, Business Standard reports. Platforms like Swiggy, Zomato, Blinkit, and Uber may be asked to participate.
Contributions will go into Employees’ Provident Fund Organisation (EPFO) accounts, separate from wages, and collected by platforms for transfer.
The scheme, announced in the 2025 Budget, aims to provide gig workers with social security benefits and may roll out next financial year. Nearly 10 million workers could benefit.
The government is also formalizing gig worker registration through ID cards and enrollment on the e-Shram portal.
The labour ministry is seeking cabinet approval for the pension scheme, which will offer two payout options upon retirement.
This initiative follows concerns over gig worker conditions, with a Fairwork India report highlighting poor ratings for some platforms.
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