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8.21 lakh enrolments witnessed in ESIC Social Security Scheme in March 2020

8.21 lakh enrolments witnessed in ESIC Social Security Scheme in March 2020

Approximately 8.21 lakh new members have joined the social security scheme run by Employees State Insurance Corporation (ESIC) in March 2020, compared to 11.83 lakh in February.

Key Points:

  • The report was titled 'Payroll Reporting in India: An Employment Perspective - March 2020'.
  • The report by the National Statistical Office(NSO) is based on the payroll data of new subscribers of the numerous social security schemes run by ESIC, which is a retirement fund body of EPFO and pension fund regulator PFRDA.
  • The data was released by the National Statistical Office (NSO) on 22 May 2020 as part of a report. The report underscored the gross enrolments of new subscribers with ESIC in 2018-19 to be 1.49 crore.
  • The report highlighted that during September 2017 to March 2020, around 3.83 crore new subscribers joined the social security scheme of ESIC.
  • The information in the report has been released by NSO since April 2018, which covered the period starting from September 2017.
  • The report provides various perspectives on the various levels of employment in the formal sector and does not have a holistic measure of employment.

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