Social Security and Welfare Fund for Platform Based Gig Workers

Labour202640 sections8 chapters

Chapter IV FINANCIAL PROVISIONS

Statutory text

(1) The Government shall establish a Fund to be called the Telangana Platform Based Gig Workers Social Security and Welfare Fund for social security and welfare of the registered Platform Based Gig Workers and the following money shall form part of, and be paid into, namely,-
- (a) all sums received from welfare fund fee levied under this Act;
- (b) all contributions made by individual platform and Platform Based Gig Workers towards any specific social security scheme prescribed;
- (c) all sums received as grant-in-aid from the State Government and Central Government;
- (d) Funds received from the Corporate Social Responsibility Fund within meaning of the Companies Act, 2013;
- (e) all sums received by way of grants, gifts, donations, benefactions, bequests or transfers; and
- (f) all sums received from any other sources as may be prescribed.
(2) The Board may spend an amount not exceeding 5% of the annual receipts for the purpose of the Social Security and Welfare Fund under sub-section
(1) with the prior approval of the Board, as may be specified by the Government from time to time, to meet the administrative expenses of the Board.

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