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Zomato and Swiggy gig workers will also avail these facilities along with pension
The Modi government has made a big announcement for gig workers. Now they will not only get pension but will also get the benefit of ESIC health facilities. For this, gig workers will not have to make any contribution from their salary. Aggregator companies will deposit a part of the amount given for pension contribution in the ESI fund.
For social security, gig workers shall receive ESIC health facilities as well as a pension. For this health service, too, gig workers will not need to contribute from their wages, but part of the contribution provided by aggregator companies towards pension will go to the ESI fund.
In order to avoid any risk to finances from the Gig Workers Pension Fund, the Ministry of Labour has decided to transfer all responsibility for operating it to the Employees Provident Fund Organisation (EPFO). Some amount from the pension fund will be invested in the ESIC fund
After confirming that the plan to grant part of the pension fund amount to the ESIC fund for offering health services to gig workers is complete, top-level sources in the Ministry of Labor indicated that its financial burden will not fall on workers.
A small part of the amount that the aggregator companies will pay for pension fund contribution on every billing transaction for the pension fund will go to the Employees' Health Insurance Corporation i.e., ESIC. Aggregator companies have agreed with the Ministry of Labor to give two percent of each billing transaction as a pension contribution for the pension of gig workers.
