Around 13.21 lakh (1.3 million) new members joined the ESIC-run social safety scheme in July 2021 as in opposition to 10.58 lakh in the earlier month, official data confirmed on Friday, giving a perspective on formal sector employment in the nation.
The newest data is a part of a report launched by the National Statistical Office (NSO).
Gross new enrolments with Employees’ State Insurance Corporation (ESIC) have been 10.72 lakh in April, 8.87 lakh in May and 10.58 lakh in June this yr, displaying the rise in enrolments after easing of lockdown restrictions by states after the second wave of the pandemic, the newest data confirmed.
The second wave of COVID-19 broke out in center of April this yr after which states had began imposing lockdown restrictions to include the unfold of the lethal virus.
The NSO report confirmed that gross enrolments of new subscribers with ESIC have been 1.15 crore in 2020-21 in comparison with 1.51 crore in 2019-20 and 1.49 crore in 2018-19.
During 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 July 2021 interval have been 5.42 crore.
The NSO report relies on the payroll data of new subscribers of varied social safety schemes run by ESIC, the Employees’ Provident Fund Organisation (EPFO) and the Pension Fund Regulatory and Development Authority (PFRDA).
It has been releasing such data of those our bodies since April 2018, masking the interval ranging from September 2017.
According to the report, web new enrolments with retirement fund physique EPFO stood at 14.65 lakh in July, up from 11.16 lakh in June 2021.
It confirmed that in September 2017 to July 2021, round 4.51 crore (gross) new subscribers joined the Employees’ Provident Fund scheme.
The report, titled ‘Payroll Reporting in India: An Employment Perspective – July 2021’, mentioned because the variety of subscribers is from varied sources, there are components of overlap and the estimates should not additive.
NSO additionally mentioned the report offers totally different views on the degrees of employment in the formal sector and doesn’t measure employment at a holistic stage.
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