EPFO Subscribers: Employment increased in the organized sector, and EPFO net added 16.82 lakh subscribers in May
EPFO Subscribers: EPFO has net added 16.82 lakh subscribers in May. This shows that employment opportunities have increased in the organized sector. In this, the maximum number of subscribers has increased in Maharashtra. At the same time, there has been an increase of 3.42 percent in the number of women.
7.62 lakh more members became compared to last year
The Labor Ministry said in a statement on Wednesday that according to the preliminary data of people hired in the organized sector (payroll) in the organized sector for May 2022 released on Wednesday, the number of its subscribers has increased on the net as compared to the same period last year. There has been an increase of Rs 7.62 lakh.
9.60 lakh subscribers became the first time member
According to the data, out of the total 16.82 lakh, subscribers added in May, about 9.60 lakh subscribers have been added for the first time under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
More than seven lakh members changed jobs
About 7.21 lakh members rejoined EPFO after leaving EPFO due to a change of jobs. The number of subscribers who joined EPFO during May 2022 is more than the monthly average figures of the previous financial year.
Most 22-25-year-olds joined
According to age-based payroll data, the maximum increase during May 2022 was in the age group of 22-25 years. During this 4.33 lakh members of this age group joined.
Most Connected Subscribers in Maharashtra
According to the data, Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, and Delhi have seen the maximum increase in subscribers joining EPFO. These states have net added about 11.34 lakh, new subscribers, during May 2022, which is 67.42 percent of the total number.
The number of women increased by more than 3 percent
The number of women who joined EPFO in May was 3.42 lakh on the net. During this period, the share of women in the total number of people joining EPFO was 20.39 percent.