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The EPFO is upgrading its technology to support this move, with funding coming from governments, companies using gig workers, the workers themselves, and even CSR contributions.
There is already a similar system running for unorganized sector workers, so there is some proof this approach works.
With India expected to have 23.5 million gig and platform workers by 2029-30, according to Niti Aayog, this scheme aims to give them much-needed financial safety as their numbers keep growing.