New Delhi, June 20: Employees’ Provident Fund Organisation (EPFO) added 17.08 lakh net subscribers in the month of April, 2022, data released by the Ministry of Labour and Employment showed on Monday.
A year-on-year comparison of payroll data showed an increase of 4.32 lakh net subscribers in April, 2022 as compared to the net subscription during the same period last year.
Out of the total 17.08 lakh subscribers added during the month, around 9.23 lakh new members have come under the social security cover of EPF & MP Act, 1952 for the first time.
Approximately 7.85 lakh net subscribers exited and re-joined the establishments covered under EPFO by changing their jobs within the establishments covered by EPFO and opted to retain membership under the Scheme, through transfer of funds rather than coming for final withdrawal of their PF accumulations. The payroll data reflects a declining trend of members exit during the last four months.
Age-wise comparison of payroll data indicated that the age-group of 22-25 years registered the highest number of net enrolments with 4.30 lakh additions during April, 2022. This was followed by the age-group of 29-35 years with a healthy addition of 3.74 lakh net additions during the month.
The establishments covered in the states of Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat and Delhi remained in lead by adding approximately 11.60 lakh net subscribers during the month, which was 67.91% of total net payroll addition across all age groups.
Net female payroll addition was approximately 3.65 lakh during the month. Share of female enrolment was 21.38% of the total net subscriber addition during the month of April, 2022 with an increase of 17,187 net enrolments over the previous month of March, 2022.
Net enrollment of female workforce in the organized sector had shown a growing trend for the last six months, the data showed.
With UNI Inputs….
