EPFO Members: EPFO is an organization providing social security to the workers of organized and semi-organized sector. It manages PF and Pension Fund.
EPFO Member Addition: There has been a good increase in the number of people getting jobs in the formal sector during the last financial year. Employees Provident Fund Organization ie EPFO released the data related to this on Saturday.
EPFO gave these figures
EPFO said that the total number of its members increased by 1.39 crore during the last financial year. That is, during the financial year 2022-23, 1.39 crore new subscribers were associated with EPFO. This number is 13.22 percent more than a year ago. In the financial year 2021-22, there was an increase of 1.22 crore in the total number of subscribers of EPFO.
Most first time joiners
According to EPFO data, during the last month of the last financial year i.e. March 2023, 13.40 lakh subscribers were added. Of these, 7.58 lakh new subscribers were such, who came under the ambit of EPFO for the first time. In terms of age, maximum 2.35 lakh subscribers were in the age group of 18 to 21 years. Similarly, 1.94 lakh subscribers in the age group of 22 to 25 years were added during the month of March.
Millions of people reconnected
EPFO told that about 10.09 lakh subscribers have been re-connected with it. Such members left their old jobs and started taking up new jobs in the organized sector itself. After changing jobs, these people got the EPFO account transferred instead of final settlement. In this way, he retained the benefits of social security.
More contribution of these states
Maharashtra, Tamil Nadu, Karnataka, Haryana and Gujarat topped in terms of maximum number of new members. These states together contributed more than 58 percent of the total new members. Maharashtra remained at number one with 20.63 per cent contribution. It was followed by Tamil Nadu with 10.83 per cent. The trend of increasing membership continued in Haryana, Uttarakhand, Uttar Pradesh, Himachal Pradesh, Jammu Kashmir and Mizoram.
EPFO is an organization providing social security to the workers of organized and semi-organized sector. It manages PF and Pension Fund. EPFO releases employment related data every month. According to the number of its subscribers, information about employment in the formal sector is available.
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