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2.01 cr new EPF subscribers joined during Sep 2017-Jan 2019

2.01 cr new EPF subscribers joined during Sep 2017-Jan 2019

India Blooms News Service | @indiablooms | 25 Mar 2019, 01:19 pm

New Delhi, Mar 25 (UNI) Employees' Provident Fund (EPF) data suggest that 2.01 crore new EPF subscribers joined September 2017-January 2019, according to data released by Ministry of Statistics & Programme Implementation on Monday.

During the period, 2,01,06,875 new EPF subscribers, including 1,61,52,591 males, 39,52,405 female and 1,876 others.

Number of new EPF subscribers during January 2019 were 8,59,553.

Under the Employees’ State Insurance, the number of existing employees who paid contribution during January 2019 were 11,23,017, the Central Statistics Office said.

Under National Pension Scheme (NPS), there were total new subscribers 64,578 in January 2019.

The estimated total number of new NPS subscribers during September 2017 to January, 2019 was 10,30,959.

The present 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 the 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 -- the EPF Scheme, the ESI Scheme and the NPS.