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It confirmed that the gross new enrolments with Workers’ State Insurance coverage Company (ESIC) rose to 1.49 crore in 2021-22 from 1.15 crore in 2020-21. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19.
From September 2017 to March 2018, round 83.35 lakh new subscribers joined the ESIC scheme.
The report mentioned gross new enrolments with ESIC from September 2017 to April 2022 have been 6.61 crore.
The NSO report relies on the payroll knowledge of latest subscribers of varied social safety schemes run by ESIC, the Workers’ Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Growth Authority (PFRDA).
In keeping with the report, internet new enrolments with retirement fund physique EPFO stood at 17.07 lakh in April 2022.
It confirmed that from September 2017 to April 2022, round 5.37 crore (gross) new subscribers joined the Workers’ Provident Fund scheme.
The report mentioned because the variety of subscribers is from varied sources, there are components of overlap, and the estimates usually are not additive.
NSO additionally mentioned the report offers completely different views on the degrees of employment within the formal sector and doesn’t measure employment at a holistic stage.
