Karnataka Plans To Launch Gig Fund By August: Report

The Karnataka state government is set to launch a dedicated welfare fund for gig and platform workers by August of this year. This significant initiative aims to provide much-needed social security benefits to the rapidly growing population of gig workers in the state, particularly in Bengaluru's thriving platform economy, which is estimated to include over 500,000 individuals. The fund will be financed through contributions from both the companies that engage these gig workers and the workers themselves, marking a collaborative approach to ensuring a safety net for this increasingly important segment of the workforce.