New Delhi (UNI): The Employees’ Provident Fund Organisation (EPFO) has added 16.82 lakh net subscribers in the month of May, 2022, an official statement said here on Wednesday.
Out of the total 16.82 lakh subscribers added during the month, around 9.60 lakh new members have been covered under the ambit of EPF and MP Act, 1952 for the first time.
Around 7.21 lakh net subscribers exited, but rejoined EPFO by changing their jobs within the establishments covered by EPFO and opted to continue their membership under the EPF Scheme, by transferring their funds, instead of applying for final PF withdrawal.
The new enrolment during the month is higher than the monthly average recorded during the last fiscal.
Age-wise comparison of payroll data indicated that the age-group of 22-25 years has registered the highest number of net enrolments with 4.33 lakh additions during May, 2022.
State-wise comparison of payroll figures highlight that the establishments covered in the states of Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat and Delhi to remain in lead by adding approximately 11.34 lakh net subscribers during the month, which is 67.42% of total net payroll addition across all age groups.
Gender-wise analysis indicates that net female payroll addition is approximately 3.42 lakh during the month and share of female enrolment is 20.39 per cent of the net subscriber addition during the month of May, 2022.
The classification of industry-wise payroll data indicated that mainly two categories – expert services (consisting of manpower agencies, private security agencies and small contractors) and Trading-Commercial establishments constitute 50.51 per cent of total subscriber addition during the month.
Apart from this, a growing trend has been noted in other industries like Building & Construction industry, Garments Making, Financing Establishment, Hotel and Iron & Steel during the month, a statement said here.
