“round 15.seventy two lakh new members joined the ESIC-run social safety scheme in July 2022,” based mostly on official information launched on September 23.
the latest information is an ingredient of a report — Payroll Reporting in India: An Employment Perspective – July 2022 — launched by the nationwide Statistical office (NSO).
It confirmed that the gross new enrollments with workers’ State insurance coverage company (ESIC) rose to 1.forty nine crore in 2021-22, from 1.15 crore in 2020-21. It was 1.fifty one crore in 2019-20 and 1.forty nine crore in 2018-19.
From September 2017 to March 2018, round eighty three.35 lakh new subscribers joined the ESIC scheme. The report acknowledged gross new enrollments with ESIC from September 2017 to July 2022 had been 7.08 crore.
The NSO report relies upon on the payroll information of latest subscribers of diverse social safety schemes run by ESIC, the workers’ Provident Fund Organisation (EPFO) and Pension Fund Regulatory and progress Authority (PFRDA).
based mostly on the report, internet new enrollments with retirement fund physique EPFO stood at 18.23 lakh in July 2022.
It confirmed that from September 2017 to July 2022, round 5.7 crore (gross) new subscribers joined the workers’ Provident Fund scheme.
The report acknowledged for the motive that quantity of subscribers is from diverse sources, there are parts of overlap and the estimates aren’t additive.
NSO additionally acknowledged the report affords utterly different views on the levels of employment inside the formal sector and does not measure employment at a holistic stage.