EPFO added 15.62 lakh members in December, highest number of youth joined
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According to the Labor Ministry, an increase of 11.97 percent has been recorded in the number of members during December 2023 compared to the previous month. According to the provisional payroll data of EPFO (Employees’ Provident Fund Organisation), the body added a net of 15.62 lakh members in December. . This is an increase of 4.62 percent compared to December 2022.
New Delhi. EPFO, the body that manages the retirement fund, released the latest payroll figures on Tuesday and said that it added a net of 15.62 lakh members in December 2023. According to the Labor Ministry, an increase of 11.97 percent has been recorded in the number of members during December 2023 compared to the previous month. According to the provisional payroll data of EPFO (Employees’ Provident Fund Organisation), the body added a net of 15.62 lakh members in December. . This is an increase of 4.62 percent compared to December 2022.
The data shows that around 8.41 lakh new members were enrolled during the month under review. Of the total new members added during this period, the share of 18-25 age group is 57.18 percent. This shows that most of the members joining the organized sector workforce of the country are youth. According to the data, in the month under review, about 12.02 lakh members who had gone out of EPFO schemes came back.
According to the statement, out of the 8.41 lakh new members added, about 2.09 lakh are women members, who have joined EPFO for the first time. This is an increase of 3.54 percent compared to November 2023. Maximum members participated from Maharashtra, Gujarat, Tamil Nadu, Karnataka and Haryana.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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