Aggregators may give 1-2% of turnover or 5% of wages to social security fund

New Delhi | Bengaluru: Aggregators such as Ola, Uber, Swiggy and UrbanClap will need to deposit 1-2% of their annual turnover or 5% of the payment to workers on their platforms, whichever is lower, to the proposed fund to provide social security benefits to such staff. The government is in favour of setting the contribution at the lower end of the band, an official said.

The labour ministry published draft rules Sunday for operationalising provisions in the Code on Social Security, 2020, passed by Parliament in September. The code envisages a social security fund for unorganised, gig and platform workers, among other measures. Under the draft rules, they will be able to register themselves through Aadhaar on a government portal to avail of benefits from the fund.