Over 11.82 lakh new subscribers joined ESIC-backed social security scheme: NSO

More than 11,82 thousand new members joined the social security program run by ESIC in October 2022, of which, the majority are in the 22-25 age group. The Ministry of Statistics and the National Statistics Office (NSO) supporting the implementation of the Program have published the country’s employment outlook from September 2017 to October 2022.

NSO data provides information on the number of subscribers registered under three main programs, namely Employee Provident Fund (EPF), the Employee State Insurance Scheme (ESI) and the National Pension Scheme (NPS).

According to NSO data, 947,346 new members in the male category joined under the ESIC-supported program in October, while 2,34,770 new members in the female category joined in the same month – bringing the total number to 11,82,158 new members. registration.

In terms of age, the number of new registrations was highest in the 22-25 age group with 337,561 new members, followed by 231,233 new members in the 29-35 age group and 224,655 new members in the 18-21 age group.

Furthermore, the data shows that from September 2017 to October 2022, more than 7.49 million new subscribers joined the ESI program.

In addition, more than 5.99 million new enrollees entered a savings fund program supported by the Employee Provident Fund Organization (EPFO) between September 2017 and October 2022.

In addition, the data revealed that 39,11,974 new subscribers joined and contributed to NPS Projects of Central Government, State Government and Enterprises from September 2017 to October 2022.

The current report offers different views on the level of formal sector employment and does not measure employment at the overall level, the NSO report said.

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