In the financial year 2018-19, the gross enrolments of new subscribers with ESIC were 1.49 crore, as stated by National Statistical Office (NSO) in a report.
The NSO report also showed that during the September 2017-October 2019 period, there were around 3.22 crore new subscribers that joined the ESIC scheme.
The report is based on the payroll data of new subscribers of various social security schemes that ESIC, retirement fund body Employees’ Provident Fund Organisation (EPFO) and the Pension Fund Regulatory and Development Authority (PFRDA) run.
The report has been releasing the data about the payroll or new subscribers since April 2018, covering a period starting from September 2017.
As per the report, during the September 2017-March 2018 period the gross new enrolments with ESIC stood at 83.35 lakh.
Thus, a net of 7.39 lakh new enrolments with the EPFO were recorded in October, compared with 9.48 lakh in September this year.
As much as 61.12 lakh new subscribers joined the social security schemes, run by EPFO, on the net basis. Similarly, the net new enrolments were 15.52 lakh during September 2017-March 2018.
According to the latest data, during September 2017-October 2019, around 2.93 crore new subscribers joined the Employees’ Provident Fund scheme.
The report added that since the number of subscribers belong from various sources, there are elements of overlap and the estimates are not additive.
The NSO said the report provides different views on the levels of employment in the formal sector and does not measure employment at a holistic level.
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