ESIC scheme adds 13.22 lakh new members in August

By: |
October 26, 2021 4:05 AM

According to data released by the National Statistical Office (NSO), the total “number of newly registered employees & paying contribution during the month” with the ESIC in August was 13,22,530, a little lower than the previous month’s tally of 13,33,584.

According to the data released by the National Statistical Office (NSO) on Monday, between September 2017 and August 2021, around 5.56 crore new subscribers joined the ESIC scheme.According to the data released by the National Statistical Office (NSO) on Monday, between September 2017 and August 2021, around 5.56 crore new subscribers joined the ESIC scheme.

A little over 13.22 lakh new subscribers joined the social security scheme run by the Employees’ State Insurance Corporation (ESIC) in August, the second highest number in a month so far in the current fiscal.

According to data released by the National Statistical Office (NSO), the total “number of newly registered employees & paying contribution during the month” with the ESIC in August was 13,22,530, a little lower than the previous month’s tally of 13,33,584.

The Employees’ State Insurance Act, 1948, is applicable to non-seasonal, manufacturing establishments employing 10 or more workers. The wage ceiling is Rs 21,000 per month.

Since April 2018, the ministry of statistics and programme implementation (MoSPI) has been bringing out the employment-related statistics in the formal sector covering the period from September 2017 onwards.

According to the data released by the National Statistical Office (NSO) on Monday, between September 2017 and August 2021, around 5.56 crore new subscribers joined the ESIC scheme.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1NPS returns high, cover widening fast: PFRDA
2There will be ‘mild increase’ in term plan premiums: Bajaj Allianz Life MD Tarun Chugh
3Your Money: Go for floater funds, floating rate bonds or market-linked debentures