11.56 Lakh New Members Join ESIC Scheme In February
Around 11.56 lakh new members joined the Employee State Insurance Corporation-run social security scheme in February 2020 against 12.19 lakh members in the previous month, according to the payroll data of the Employees' State Insurance Corporation.
The data was part of a report released by the National Statistical Office on Friday.
The report said gross enrollments of new subscribers with ESIC were 1.49 crore during 2018-19. It also showed that during the period from September 2017 to February 2020, around 3.75 crore new subscribers joined the ESIC scheme.
The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and pension fund regulator PFRDA. It has been releasing such data of these bodies since April 2018, covering a period starting from September 2017.
The report noted that gross new enrolments with ESIC during the September 2017-March 2018 period were 83.35lakh.
Net 10.34 lakh new enrolments with the Employees' Provident Fund Organisation were recorded in February 2020, compared with 10.71 lakh in the preceding month.
However, during the April-February period in 2019-20, the number of net new subscribers rose to 76.53 lakh compared to 61.12 lakh recorded by the EPFO in entire 2018-19.
The net new enrolments were15.52 lakh during September 2017-March 2018.
The latest data showed that during September 2017-February 2020, around 3.29 crore (gross) new subscribers joined the Employees' Provident Fund Scheme.
The report, titled 'Payroll Reporting in India: An Employment Perspective - February 2020', said that since the number of subscribers is from various sources, there are elements of overlap and the estimates are not additive.
The NSO said the report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.