Quick Summary
Nearly 48 percent of total net additions in the age group of 18-25 years The provisional payroll data of EPFO(Employees Provident Funds Organization) released on 20thAugust, 2021, highlights a growing trend with 12.83 lakh net payroll additions during the month ofJune, 2021. With respect to payroll data, the impact of second wave of COVID-19 pandemic waned during June 2021, leading to tremendous growth in net payroll additions as compared to April and May 2021. Month-on-month analysis reveals
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FAQ :
EPFO added a net of 12.83 lakh subscribers in June 2021.
There was an increase of 5.09 lakh net subscribers in June 2021 compared to May 2021.
The age group of 18-25 years registered the highest number of net enrolments, with around 6.15 lakh additions, representing 47.89% of the total.
The age-wise payroll data indicates that many first-time job seekers are joining the organised sector workforce in large numbers.
Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka were at the forefront of payroll additions, accounting for approximately 7.78 lakh subscribers.
EPFO is the principal organisation responsible for providing social security benefits like provident fund, pension, and insurance to the organised and semi-organised sector workforce.
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