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ECONOMY

ESIC Scheme Adds 1.28 Million New Members in January

Over 12.84 lakh new members joined the ESIC social security scheme in January 2021 against 15.34 lakh in the previous month, official data showed, giving a view on formal sector employment in India. Gross new members joined with Employees’ State Insurance Corporation (ESIC) were 10.78 lakh in April, 8.91 lakh in May, 10.68 lakh in June, 13.42 lakh in July, 13.47 lakh in August, 13.57 lakh in September, 12.47 lakh in October and 10.44 lakh in November 2021, the latest data said.


The report said gross new enrolments with ESIC from September 2017 to January 2022 were 6.21 Crores. The NSO report is based on the payroll data of new subscribers of different social security schemes run by ESIC, the Employees’ Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA).

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