September 26, 2020 11:20 (IST)
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8.6 lakh new EPF subscribers joined in Nov 2019

8.6 lakh new EPF subscribers joined in Nov 2019

India Blooms News Service | @indiablooms | 24 Jan 2020, 11:12 am

New Delhi/UNI:  As many as 8,67,963 new subscribers joined the Employees’ Provident Fund (EPF) Scheme during November 2019, according to data released by the government on Friday.

During September 2017 and November last year, 3,03,05,347 new subscribers joined the EPF scheme, said Ministry of Statistics and Programme Implementation.

During September 2017 -November 2019, a total 3,37,26,225 new subscribers joined the Employees’ State Insurance (ESI) Scheme.

Number of newly registered employees and paying contribution during November 2019 was 14,33,000, the data said.

During September 2017 and November 2019, a total 16,72,813 new subscribers joined the National Pension Scheme (NPS).

New Subscribers contributing during November 2019 were 46,686 including central and state government and non-government employees.

The report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.

Since April, 2018 this Ministry has been bringing out the employment related statistics in the formal sector covering the period September 2017 onwards, using information on the number of subscribers who have subscribed under three major schemes, namely the Employees’ Provident Fund (EPF) Scheme, the Employees’ State Insurance (ESI) Scheme and the National Pension Scheme (NPS). 

Image: UNI