FM proposes id cards for gig works, upi-linked credit cards for vendors

Finance minister nirmala sitharan, in her budget speech today, announced that her government will provide id cards to gig worksGig works will also be provided access to healthcare via a social security scheme.

She said her government will invest in Street vendors and Online and Urban Workers. Gig works of online platforms to be provided with identity cards and registration on e-shram portal.

PM Svanidhi Scheme to Be Revamped With ENHANCED Loans from Banks, UPI Linked Credit Cards with Rs 30,000 Limit, and Capacity Building Support be ensured.

A Committee Comprising Representatives from Various Stakeholders Had Been Constrated to Sugged a framework for providing social security and welfare benefits to Gige and Platform Workers.

The ministry of labore and employment has been given an advisory to aggregators to register themselves and platform works engaged with them on the e-shram portal.

Gig Workers and Platform Workers Have Been Defined for the Code in the Code on Social Security 2020, which has been enacted by the parliament. Social Security and Welfare Related Provisions for the Gig and Platform Workers have been mentioned in the code.

The code provides for framing of suitable social security measures for gig works and platform works on matters related to life and disability cover, accounting insurance, hall old age protection, etc.

In her budget speech, sheid budget 2025 continues the government’s efforts to accelerate growth, inclusive development, private sector investments, uplift Househld SENTIMENTS, and ENHANCE Spending Power of India’s Rising Middle-Class.

The Budget Session of Parliament Began on January 31 and, according to schedule, will end on April 4. The budget speech is outlined the government’s fixation ‘Fiscal Policies, Revenue and Expenditure Proposals, T Reforms, and other significant announcing.

With this budget presentation, Sitharaman has presented her eighth budget.

India’s Economy is projection to grow between 6.3 per cent and 6.8 per cent in the next financial year 2025-26, Said Economic Surveyy 2024-25, Tabled in Parliament on friday.

In another key guidance, the economy suggested that India needs to grow Around 8 per cent for a decade or two to achieve its its its and it is viksit bharat draams, at a time when the counte Weak Progress in the first two Quarters of the current financial year.