Amendment status not verified — confirm the current text below against the official source.
Fund for Gig Workers.- (1) The State Government shall establish a fund to be called the Karnataka Gig Worker’s Social Security and Welfare Fund for the benefit of registered platform based Gig workers and the following money shall form part of, and be paid into, namely:- (i) all sums received from welfare fee levied under this Act; (ii) all contributions made by individual platform based Gig workers; (iii) all sums received as grant-in-aid from the State Government and Central Government; (iv) all sums received by way of grants, gifts, donations, benefactions, bequests or transfers; and (v) all sums received from any other sources as may be prescribed. (2) The Fund shall be utilized and managed in such manner as may be prescribed. (3) The Board shall not spend more than five percent of the fund to defray any administrative costs of the Board or employees of the Board.