![[India] ESIC social security scheme added 1.49 million new members in May](http://gpa.net/cdn/shop/articles/bigstock-Mixed-race-architect-and-techn-413255692_1200x.jpg?v=1658843307)
According to official data released on July 25, around 1.49 million (14.93 lakh) new members joined India’s ESIC-run social security scheme in May 2022, Business Standard reports.
The latest data is part of Payroll Reporting in India: An Employment Perspective - May 2022, a report released by the National Statistical Office (NSO).
The reports showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-21. The figure was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. (One crore = 10 million people)
From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme. (One lakh = 100,000 people)
The report said gross new enrolments with ESIC from September 2017 to May 2022 were 6.76 crore.
The NSO report is reportedly based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA).
According to the report, net new enrolments with retirement fund body EPFO stood at 16.81 lakh in May 2022.
It showed that from September 2017 to May 2022, around 5.48 crore (gross) new subscribers joined the Employees' Provident Fund scheme.
The report said that the estimates are not additive as the number of subscribers is from various sources and there are elements of overlap.
NSO also said the report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.
Source: Business Standard
(Via a syndicated feed)
According to official data released on July 25, around 1.49 million (14.93 lakh) new members joined India’s ESIC-run social security scheme in May 2022, Business Standard reports.
The latest data is part of Payroll Reporting in India: An Employment Perspective - May 2022, a report released by the National Statistical Office (NSO).
The reports showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-21. The figure was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. (One crore = 10 million people)
From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme. (One lakh = 100,000 people)
The report said gross new enrolments with ESIC from September 2017 to May 2022 were 6.76 crore.
The NSO report is reportedly based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA).
According to the report, net new enrolments with retirement fund body EPFO stood at 16.81 lakh in May 2022.
It showed that from September 2017 to May 2022, around 5.48 crore (gross) new subscribers joined the Employees' Provident Fund scheme.
The report said that the estimates are not additive as the number of subscribers is from various sources and there are elements of overlap.
NSO also said the report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.
Source: Business Standard
(Via a syndicated feed)
