India, April 8 -- The Centre is set to soon announce a social-security scheme for India's estimated 7.7 million gig workers, along with health insurance benefits, which is being finalised by a committee of the Union labour ministry to be sent for the Cabinet's nod, people aware of the development said.

Gig workers, the backbone of the so-called platform economy, which comprises companies operating in everything from food delivery to ride hailing, will have access to pensions under the plan whereby aggregators will contribute a defined share of revenue towards a retirement income fund for the workers, one person involved in the process said.

Platform-based firms and aggregators are likely to contribute between 1-2%, although the quantum ...