These can be offered in collaboration with the private sector or the government, as provided for in the Social Security Code 2020, according to the report on the on-demand economy published on Monday.
He also said that gig and platform companies must adopt policies that provide old age/retirement plans and benefits and other insurance coverage for contingencies such as work-related injuries that may result in loss of employment and income.
These plans and policies can be designed uniquely by a company, in partnership with insurance companies, or could be designed and offered in collaboration with the government, as provided for in the Social Security Code of 2020, according to the report. .
The report sheds light on the different social protection approaches being taken around the world for gig and platform workers and how they can pave the way for social protection measures for gig and platform workers in India.
In line with the measures introduced to mitigate the challenges posed by the Covid-19 pandemic by platform companies, paid sick leave, health access and insurance measures may be adopted by platforms as part of from their place of work or work.
engagement policies for all workers they hire, throughout the year. This will have positive implications for providing social security coverage to platform workers hired by these companies, according to the report.
He said access to institutional credit could be improved through financial products specifically designed for platform workers and those who want to create their own platforms. Venture capital funding, grants and loans from banks and other funding organizations should be provided to platform companies of all sizes in the pre-income and early-income stages.
A India Platform initiative, built on the pillars of Accelerating Platformization through Simplification and Support, Funding Support and Incentives, Skills Development and Social Financial Inclusion, as the immensely successful Startup India initiative, can be introduced, recommends the report.
The transport of passengers on behalf of third parties may be authorized in all categories ranging from two-wheelers (in the form of bicycle taxis or bicycle pools) and three-wheelers (rickshaws, auto-rickshaws), to four-wheelers (taxis and carpooling). ), and 10- to 12-seat vehicles (mini-buses), the report recommended among a series of suggestions for accelerating the growth of the gig economy.
Freelancers who sell regional and rural cuisine, street food, etc. can be linked to platforms so that they can sell their products in wider markets in cities and towns, according to the report.
“The report is a unique study and the first of its kind that explores the potential of this sector in India. It suggests measures to improve employment and initiatives for social security,” said Amitabh KantCEO of Niti Aayog.
He said gig labor is expected to reach 2.35 crore by 2029-30 and will form 6.7% of non-farm labor force or 4.1% of total livelihood in India by 2029-30. The report estimates that in 2020-21, 77 lakh (7.7 million) workers were engaged in the gig economy. They represented 2.6% of the non-agricultural labor force or 1.5% of the total labor force in the country.
Currently, around 47% of gig work is in medium-skilled jobs, around 22% in high-skilled jobs, and around 31% in low-skilled jobs. The trend shows that the concentration of middle-skilled workers is gradually decreasing and that of low-skilled and high-skilled workers is increasing, according to the report.
Full report :