ESIC scheme adds 14.62 lakh new members in August | The Financial Express

ESIC scheme adds 14.62 lakh new members in August

The latest data is part of a report — Payroll Reporting in India: An Employment Perspective – August 2022 — released by the National Statistical Office (NSO).It 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.

ESIC scheme adds 14.62 lakh new members in August
The report said gross new enrolments with ESIC from September 2017 to August 2022 were 7.22 crore.

Around 14.62 lakh new members joined the ESIC-run social security scheme in August 2022, according to official data released on Tuesday. The latest data is part of a report — Payroll Reporting in India: An Employment Perspective – August 2022 — released by the National Statistical Office (NSO).It 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. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme.

Also read| ESIC asked to extend social security schemes to all districts

The report said gross new enrolments with ESIC from September 2017 to August 2022 were 7.22 crore. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees’ Provident Fund Organisation (EPFO) and the Pension Fund Regulatory and Development Authority (PFRDA).

Also read| ESIC scheme to cover all 744 districts by 2022-end

According to the report, net new enrolments with retirement fund body EPFO stood at 16.94 lakh in August 2022.It showed that from September 2017 to August 2022, around 5.81 crore (gross) new subscribers joined the Employees’ Provident Fund scheme. The report also said that since the number of subscribers is from various sources, there are elements of overlap, and the estimates are not additive. According to NSO, the report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.

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First published on: 25-10-2022 at 03:22:45 pm
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