Examine the process of formalisation of informal sector to safeguard the interests of marginalised sections of the society. (Answer in 150 words)

- Examine the process of formalisation of informal sector to safeguard the interests of marginalised sections of the society. (Answer in 150 words)
Introduction
Formalisation has so far registered informal workers better than it protects them.
Body
1. How formalisation proceeds: By registration: the e-Shram database of unorganised workers and Udyam registration for enterprises. By statute: the Social Security Code of 2020 names gig and platform workers. And by sectoral law, such as the Street Vendors Act of 2014.
2. How it protects marginalised workers: Registration makes a worker visible, so minimum wages, provident fund and insurance can attach to a recorded relationship. A licensed vendor cannot be swept off the pavement, and a portable identity lets an entitlement follow a migrant.
3. Where it fails them or harms them: Nine in ten workers are still informal, and informality survives inside formal firms as contract labour. Registration is not benefit: a portal number pays no pension. Home-based and domestic workers, most of them women, remain outside.
4. A judgement on the process: Necessary, not sufficient: it protects only where the benefit is funded, portable and enforced.
Conclusion
The National Commission for Enterprises in the Unorganised Sector's distinction still holds: formalising the enterprise is not formalising the employment.