15.43 lakh new workers enroll for ESI in Feb
As many as 23,526 new establishments brought under social security ambit
image for illustrative purpose
New Delhi: The provisional payroll data of the Employees’ State Insurance Corporation (ESIC) released on Friday shows that 15.43 lakh new employees have been added during February this year.
As many as 23,526 new establishments have been brought under the social security ambit of the ESI Scheme during the month, ensuring social security to more workers, according to a statement issued by the Ministry of Labour and Employment.
The data show that out of the total 15.43 lakh employees added during the month, 7.36 lakh employees, amounting to around 47.7 per cent of the total registrations, belong to the youngest age group of up to 25 years. Most of these youngsters are in their first jobs, which is an indicator of the increase in employment in the economy.
The payroll data is provisional since the data generation is a continuous exercise and can be revised with more information flowing in, the statement said.
The figures also showed that EPFO enrolled around 7.39 lakh new subscribers in February, with a dominance of the young 18-25 age group.
