EPFO adds 15.32 lakh net subscribers in March, 20 per cent more than February
Employees’ Provident Fund Organisation (EPFO) has added 15.32 lakh subscribers in March this year. This is about 20 percent more than 12.85 lakh enrolled in February this year. A month-on-month comparison of payroll data shows an increase of 2.47 lakh net subscribers in March 2022 compared to the net additions during February 2022. Age-wise comparison of payroll data showed that the age group of 22-25 years has been on the forefront by registering the highest number of net enrolments, with 4.11 lakh additions during March 2022. Age-wise payroll data also indicated that many first-time job seekers are joining the organized sector workforce in large numbers.
State-wise comparison of payroll figures highlighted that the establishments covered in Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, and Delhi remain in lead by adding approximately 10.14 lakh net subscribers during the month, which is 66.18 percent of the total net payroll addition across all age groups. Gender-wise analysis showed that net female payroll addition is approximately 3.48 lakh during the month. The share of female enrolment is 22.70 percent of total net subscribers addition during March 2022. The participation of women in the organized workforce is showing a positive trend from October 2021.