HomeIndia15.72 lakh new members added in ESIC scheme in July: National Statistics...

15.72 lakh new members added in ESIC scheme in July: National Statistics Office report

As per the report, the net new enrollments with retirement fund body EPFO ​​stood at 18.23 lakh in July 2022.

As per the report, the net new enrollments with retirement fund body EPFO ​​stood at 18.23 lakh in July 2022.

According to official data released on September 23, “About 15.72 lakh new members joined the social security scheme run by ESIC in July 2022.”

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

It showed that gross new enrollments with Employees’ State Insurance Corporation (ESIC) increased 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.

Around 83.35 lakh new customers joined the ESIC scheme from September 2017 to March 2018. The report said that from September 2017 to July 2022, the gross new enrollments with ESIC were 7.08 crore.

The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, Employees’ Provident Fund Organization (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA).

As per the report, the net new enrollments with retirement fund body EPFO ​​stood at 18.23 lakh in July 2022.

It revealed that from September 2017 to July 2022, around 5.7 crore (gross) new subscribers joined the Employees’ Provident Fund scheme.

The report said that since the number of subscribers is from different sources, there are elements of overlap and the estimates are not additive.

The NSO also said that the report gives divergent perspectives on the level of employment in the formal sector and does not measure employment at the aggregate level.

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