According to the latest report released by NSO, 13.21 lakh new members were added to the ESIC scheme in July, while 14.65 lakh new subscribers were added to the EPFO in July. This figure is much stronger than in June, which is a strong sign for the job market.
14.65 lakh new subscribers joined EPFO in July.
In July this year, 13.21 lakh new members joined the Social Security Scheme of the Employees’ State Insurance Corporation (ESIC). Whereas earlier in the month of June, 10.58 lakh members were connected. This information was given in the official data released on Friday, which broadly describes the employment situation in the organized sector of the country. The latest figures are part of the report of the National Statistical Office (NSO).
According to the data, 10.72 lakh new members were added to the ESIC scheme in April, 8.87 lakh in May and 10.58 lakh in June. It states that since the relaxation of restrictions imposed at the state level to prevent the second wave of the corona virus epidemic, the number of members joining the schemes has increased i.e. new people are getting employment on regular wages. The second wave of the Kovid epidemic came in mid-April this year. After that the states imposed ‘lockdown’ to prevent the epidemic.
A total of 1.15 new members associated with ESIC in 2020-21
According to the NSO report, the total number of new subscribers joining the schemes of ESIC in 2020-21 was 1.15 crore, which was 1.51 crore in 2019-20 and 1.49 crore in 2018-19. About 83.35 lakh new subscribers were associated with the ESIC scheme during September 2017 to March 2018. According to the report, the number of members joining ESIC during September 2017 to July 2021 was 5.42 crore.
NSO is issuing such report since April 2018
The NSO report is based on the data of new subscribers joining the schemes of ESIC, Employees’ Provident Fund Organization (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA). NSO has been releasing such data since April 2018. In this, the data has been taken from September 2017.
14.65 lakh new subscribers linked to EPFO
According to the report, 14.65 lakh new subscribers were added to the EPFO in July. This is higher than 11.16 lakh as of June 2021. It said that during September 2017 to February 2021, about 4.51 crore (gross) new subscribers joined the EPFO scheme.
Report on organized sector workers
The report titled ‘Payroll Reporting in India: Employment Scenario-July 2021’ states that since the number of members is drawn from various sources, there may be duplication in the figures and estimates may be mismatched. Cannot be added. The NSO also said that the report gives a different perspective about the level of employment in the organized sector and does not assess the job as a whole.
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