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The steepest decline was recorded in FY21, when only 19.45 lakh female members enrolled, in a reduction of over 5.75 lakh from the previous year due to the impact of the Covid-19 pandemic.
Employees Provident Fund Organisation (EPFO) has added 17.89 lakh members in June. The data reveals that 3,491 establishments have extended social security coverage of EPFO to their employees during the month. The data indicated that around 10.14 lakh new members have enrolled during June, 2023 which is highest since August, 2022.
India has generated 1.25 crore new jobs since 2014, according to Union Labour and Employment Minister Bhupender Yadav. Citing data from the Employees Provident Fund Organisation, Yadav said the number of pensioners rose from 51 lakh in 2014-15 to 72 lakh in 2021-22, despite 22 lakh people retiring. The data also revealed the total number of registered subscribers rose from 15.84 crore in 2014-15 to 27.73 crore in 2021-22.
Provident Fund: The EPFO currently is offering an interest of 8.15 per cent. If any employees want to check their EPF balance, they can do it through SMS, missed call or UMANG app. -- aaa
EPFO's latest payroll data reveals a substantial rise of 13.96 lakh net members in February 2023, marking a notable increase in the organized sector workforce in India, especially in the age range of 18-25 years. Furthermore, the data highlights an 8.59% YoY increase, depicting 10.15 lakh members rejoining EPFO. , Economy News, Times Now