ESIC scheme provides 1.3 mn new members in August 2021: NSO knowledge

Round 13.22 lakh new members joined the ESIC-run social safety scheme in August this yr as in opposition to 13.33 lakh within the earlier month, official knowledge confirmed on Monday, giving a perspective on formal sector employment within the nation.

The newest knowledge is a part of a report launched by the Nationwide Statistical Workplace (NSO).

Gross new enrolments with Staff’ State Insurance coverage Company (ESIC) have been 10.74 lakh in April, 8.88 lakh in Could, 10.62 lakh in June and 13.33 lakh in July this yr, the newest knowledge confirmed.

June and July figures present a rise in enrolments after easing of COVID-induced restrictions by states submit the second wave of the pandemic that hit the nation in mid April this yr.

The NSO report confirmed that gross enrolments of latest subscribers with ESIC have been 1.15 crore in 2020-21 in comparison with 1.51 crore in 2019-20 and 1.49 crore in 2018-19.

Throughout September 2017 to March 2018, round 83.35 lakh new subscribers joined the ESIC scheme.

The report mentioned gross new enrolments with ESIC from September 2017 to August 2021 have been 5.56 crore.

The NSO report relies on the payroll knowledge of latest subscribers of assorted social safety schemes run by ESIC, the Staff’ Provident Fund Organisation (EPFO) and the Pension Fund Regulatory and Growth Authority (PFRDA).

It has been releasing such knowledge of those our bodies since April 2018, overlaying the interval ranging from September 2017.

In line with the report, internet new enrolments with retirement fund physique EPFO stood at 14.80 lakh in August, up from 13.15 lakh in July 2021.

It confirmed that in September 2017 to August 2021, round 4.61 crore (gross) new subscribers joined the Staff’ Provident Fund scheme.

The report, titled ‘Payroll Reporting in India: An Employment Perspective – August 2021’, mentioned because the variety of subscribers is from numerous sources, there are parts of overlap and the estimates aren’t additive.

NSO additionally mentioned the report offers completely different views on the degrees of employment within the formal sector and doesn’t measure employment at a holistic degree.

(Solely the headline and film of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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