ESIC scheme adds 10.41 lakh new members in April 2021 – Times of India

NEW DELHI: Around 10.41 lakh new members joined the social security scheme run by ESIC in April, official data on Friday gave a perspective on formal sector employment in the country.
gross enrollment with ESIC According to the latest data, the number of households declined by nearly 24 per cent to 1.15 crore during 2020-21 as compared to 1.51 crore in 2019-20.
Latest data are part of a report released by national statistics office (NSO)
The government imposed a nationwide lockdown on March 25 last year to prevent the spread of coronavirus infection. Later, restrictions were eased in phases for various economic activities.
The NSO report showed that . gross enrollment of New Customer With Employees State Insurance Corporation (ESIC) it stood at 1.49 crore in 2018-19. Around 83.35 lakh new customers had joined the ESIC scheme from September 2017 to March 2018.
The report said that in the period September 2017 to April 2021, the gross new enrollments with ESIC were 5.09 crore.
The report is based on the payroll data of new subscribers of various social security schemes run by ESIC, Employees’ Provident Fund Organization (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA).
It has been releasing data for these bodies since April 2018, covering the period starting September 2017.
As per the report, the net new enrollments with retirement fund body EPFO ​​stood at 12.76 lakh in April 2021.
It revealed that from September 2017 to April 2021, about 4.26 crore (gross) new subscribers joined the Employees’ Provident Fund Scheme.
The report titled ‘Payroll Reporting in India: An Employment Perspective – April 2021’ states that since the number of subscribers is from different sources, there are elements of overlap and the estimates are not additive.
The NSO also said that the report gives divergent perspectives on the level of employment in the formal sector and does not measure employment at the aggregate level.

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