Over 12.76 lakh subscribers were added to the EPFO payroll in April, up 13.73 percent from March when 11.22 lakhs were added, according to provisional payroll data released by the Labor Ministry on Sunday. Union.
The data also shows that the number of exits in April dropped by 87,821, and re-admission increased by 92,864 subscribers compared to March. Approximately 6.89 lakh new members first entered the EPFO social security system in March, and 5.86 lakh subscribers left and rejoined EPFO by changing jobs in the institutions covered by EPFO and decided to retain membership by transfer. funds than decided on a final settlement, the government said in a statement.
Of these, 3.27 are light workers in the age group of 22 to 25 years; 2.72 workers are lighter between 29 and 35 years old. “Members of the 18-25 age groups, usually the first employees in the labor market, contributed about 43.35 per cent of the total net subscriber allowances in April,” the statement added.
Facilities registered in Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka added 7.58 subscribers during the month, which is about 59.41 percent of the total net salary supplement. Northeast states recorded above-average growth in terms of adding net subscribers compared to the previous month, the ministry said.
Approximately 22 percent of total net subscribers are women. “The monthly analysis reveals a growing trend in the number of female subscribers by adding 2.81 lakh enrollments during April, which was 2.42 lakhs during March. In addition, the number of subscribers that came under the scope of EPFO for the first time also increased to 1.90 lakh in April from 1.84 lakh in March, ”the statement said.
The category of professional services, consisting of labor agencies, private insurance agencies and small suppliers, etc., accounted for 45 percent of the total subscriptions. “In addition, the industries involved in the production of plastic products, beedi, schools, banks and institutions related to the iron and steel sectors also recorded above-average growth in terms of net subscriber additions,” the statement added.