The Employees' Provident Fund Organisation (EPFO) has reported a significant addition of 10.11 lakh net subscribers in November 2020. This brings the total net subscriber growth for the financial year to 45.29 lakh, despite the challenges posed by the Covid-19 pandemic. Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka are leading the employment recovery, accounting for 53% of the total net payroll additions. The data also highlights a strong performance in the 'expert services' industry and an increase in female participation in new enrolments.
10.11 Lakh net subscribers added in the November payroll data by the EPFO. Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka taking lead among the states remain at the forefront of the employment recovery cycle by adding approximately 53% of the total net payroll. Read the official announcement below:
The provisional payroll of EPFO released today reveals that it has added around 10.11 lakh net subscribers in the month of November, 2020. Despite the Covid-19 pandemic, EPFO has added ar
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FAQ :
EPFO added approximately 10.11 lakh net subscribers in November 2020.
Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka were at the forefront, contributing about 53% of the total net payroll additions for the financial year.
The 22-25 age bracket saw the highest growth with around 2.72 lakh net enrollments, followed by the 18-21 age bracket with about 2.21 lakh net enrollments.
The 'expert services' category, which includes manpower and security agencies, was the best performer, contributing 23.45 lakh payroll additions in the current financial year.
Yes, the share of females in new enrolments increased to 22.40% in November 2020, up from 21.64% in October 2020.
The rejoining of exited members suggests that workers are returning to their jobs as active Covid-19 cases decline, and also indicates job switching within EPFO-covered establishments.