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Social Security Code, 2020 passed

  • IASbaba
  • September 28, 2020
  • 0
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Social Security Code, 2020 passed

Part of: GS Prelims and GS-I – Society & GS-II – Schemes

In news

  • Lok Sabha passed the Social Security Code, 2020 recently.

Extending the reach of Employees’ State Insurance Corporation:

  • Efforts have been made to provide right to health security under ESIC to maximum possible workers
  • The facility of ESIC would now be provided in all 740 districts. At present, this facility is being given in 566 districts only.
  • Establishments working in hazardous sectors would mandatorily be linked with ESIC, even if there is only one worker working in it.
  • Provision for linking unorganised sector and Gig workers with ESIC. 

Extending the reach of Employees’ Provident Fund Organisation (EPFO):

  • EPFO’s coverage would be applicable on all establishments having 20 workers. 
  • At present, it was applicable only on establishments included in the Schedule.
  • Option to join EPFO is also being given to establishments having less than 20 workers.
  • Schemes would be formulated for workers coming under the category of ‘Self-employed’ or falling under any other category under the aegis of EPFO.

Other key takeaways 

  • Provision has been made to formulate various schemes for providing comprehensive social security to workers in unorganised sector. 
  • A “Social Security Fund” will be created in order to implement these schemes.
  • Provision for Gratuity has been made for Fixed Term Employee and there would not be any condition for minimum service period for this.

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