Quick Summary
The provisional payroll data published by EPFO on 20th October 2020 reveals that the subscriber base of EPFO increased by around 20 lakh during the first five months of FY21. Covid-19 pandemic and subsequent lockdown across the country had adversely affected the enrolments during the first quarter o
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FAQ :
The EPFO subscriber base increased by approximately 20 lakh during the first five months of FY 2020-21.
The COVID-19 pandemic and subsequent lockdowns adversely affected enrolments during the first quarter of FY21.
Provisional payroll figures for July and August 2020 indicate a slow dissipation of the negative impact of the pandemic and a gradual recovery towards pre-Covid levels.
The 22-25 years age bracket saw the maximum new additions, followed by the 18-21 age bracket. The 18-25 age group contributed almost 51% of new subscribers.
Maharashtra, Tamil Nadu, Gujarat, Karnataka, and Haryana were at the forefront of the enrollment recovery cycle.
The 'expert services' category, primarily including manpower, private security agencies, and small contractors, has been the most resilient.
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