EPFO Subscribers: Employees’ Provident Fund Organization (EPFO) released the figures on Saturday. According to this figure, there has been a good increase in the number of people getting jobs in the formal sector during the last financial year.
EPFO, the body managing the retirement fund, added 13.40 lakh members in March on a net basis. With this, a total of 1.39 crore members increased in the last financial year. This information was given in the data released on Saturday.
EPFO gave these figures
EPFO had added 1.22 crore members on a net basis in the previous financial year. “Out of 13.40 lakh members added in March, about 7.58 lakh new members have come under the ambit of EPFO for the first time,” the labor ministry said in a statement. The statement said, “During the financial year 2022-23, about 1.39 crore members have been added on a net basis with an increase of 13.22 percent on an annual basis.
1.94 lakh members in the age group of 22-25 years included
1.22 crore members were associated with this in the last financial year. The Employees’ Provident Fund Organization (EPFO) said that the maximum number of enrollments among new joining members were in the age group of 18-21. Their number was 2.35 lakh. After this, 1.94 lakh members in the age group of 22-25 joined. New members in the age group of 18-25 account for 56.60 per cent of the total members added this month, according to the statement.
As per the data, around 10.09 lakh members re-subscribed to EPFO. That is, these members changed jobs. In terms of gender, 2.57 lakh female members were added in March, which was 19.21 percent of the total members added this month.