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Journalism of Courage
The Employees’ Provident Fund Organisation (EPFO) added 10.5 lakh new subscribers in July this year, while 38,206 new members were added under National Pension Scheme (NPS) during July. The Employees’ State Insurance Scheme (ESIC) added 13.97 lakh subscribers during July, according to data released by Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday.
The MoSPI also detailed data for the subscribers who have restarted contributing under EPFO. As per the data, 2.93 lakh ceased to subscribe during July, while 1.94 subscribers restarted contributing during the month. Cumulatively, for September-July, 1.2 crore new subscribers were added under EPFO, 72.95 lakh ceased subscribing during the period and 14.84 lakh members restarted contributing under EPFO. The EPFO is now also counting subscribers who restarted contributing compared with measuring the net difference between enrollment and exit numbers earlier.
For September 2017-July 2018, about 6.48 lakh new subscribers were added under NPS during the same period, the data showed. About 1.34 crore employees registered under the Employees’ State Insurance Scheme (ESIC) during September-July.
Age-wise breakup of the EPFO data showed that the highest addition in July was seen in the age group of 18-21 years with 2.79 lakh subscribers. In NPS, the highest contribution to the number of new subscribers was in the above 35 years category, comprising 34.2 per cent of the new subscribers.
The ministry said that the numbers are dynamic and may overlap. “The levels of employment are from various sources, there are elements of overlap and the estimates are not additive,” it said. It further said that the report gives “different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level”.
