16-09-2024 10:18 AM | Source: Accord Fintech
ESIC records 13.32% increase in subscribers addition to 22.53 lakh in July 2024: Labour ministry
News By Tags | #Economy #ESIC #Labourministry

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

The labour ministry in latest payroll date has said Employees’ State Insurance Corporation (ESIC) recorded a 13.32 per cent increase in subscribers addition to 22.53 lakh in July, 2024 compared to the figure of a year ago.  The latest payroll date showed that 19.88 lakh new subscribers were added in July 2023.

According to it, 56,476 new establishments have been brought under the social security ambit of the ESI Scheme in the month under review. Further, the year-on-year analysis shows a growth of 13.32 per cent in net registrations compared to July 2023. It further showed that out of the total 22.53 lakh employees added during the month, 10.84 lakh employees amounting to around 48 per cent of the total registrations belonged to the age group of up to 25 years.

Also, a gender-wise analysis of the payroll data indicates that net enrolment of female members stood at 4.65 lakh in July. Besides, it stated a total of 71 transgender employees have also got registered under ESI Scheme in the month, which attests the commitment of ESIC to deliver its benefits to every section of the society. The ministry said that the payroll figures are provisional since the data generation is a continuous exercise.