ESIC: 1.24 mn jobs added in October, up from 1.23 mn

Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19, the National Statistical Office (NSO) said in a report.

It also showed that during the Sept 2017-October 2019 period, around 3.22 crore new subscribers joined the ESIC scheme. The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA).

It has been releasing payroll data or new subscribers data of these three bodies since April 2018, covering a period starting from Sept 2017. The report showed that gross new enrolments with ESIC during the Sept 2017-March 2018 period were 8.3 mn.

A net of 7.39 lakh new enrolments with the Employees’ Provident Fund Organisation were recorded in October, compared with 9.48 lakh in Sept this year. In 2018-19, 6.1 mn new subscribers on a net basis joined the social security schemes run by EPFO. Net new enrolments were 1.5 mn during Sept 2017-March 2018.

The latest data showed that during Sept 2017-October 2019, around 2.93 crore new subscribers joined the Employees’ Provident Fund scheme. The report said that since the number of subscribers are from various sources, there are elements of overlap and the estimates are not additive.