Social Security to Workers
GoodWeave is providing support to workers of its Licensees, including contractual workers, to get access to government schemes and social security benefits by facilitating the opening of their bank accounts. The opening of bank accounts will act as a critical step for crediting of wages/salaries into their bank accounts, help them earn interest on savings, apply for personal loans, access pension, and insurance benefits, and access direct cash/benefit transfers provided by the government.
Also, GoodWeave will work with private and public stakeholders to register workers under various welfare schemes.
Access to formal financial services and registration for available government benefits/schemes will significantly help improve these informal workers’ economic resilience to sustain during any crisis such as COVID-19 and any other economic shocks in the future.
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