EPFO: Net new enrolments rise by 24% to 12.54 lakh in December

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Net new enrolments under the retirement fund body Employees Provident Fund Organisation grew by 24% to 12.54 lakh in December compared to the same month in 2019, providing a perspective on formal sector employment amid the coronavirus pandemic.

The provisional payroll data of EPFO, released on Saturday, highlights a positive trend for net subscribers base growth with addition of 12.54 lakh subscribers in December, 2020, the labour ministry said in a statement.

Year-on-year comparison of payroll data shows 24% growth for December 2020, indicating return to the pre-Covid levels of subscriber growth for the EPFO, it said. The data reflects an increase of 44% in net subscribers addition over the previous month of November, 2020.

According to the data, despite COVID-19 pandemic the EPFO added around 53.70 lakh subscribers during the first three quarters of the current financial year (April to December in 2020). The third quarter October-December registered a 22% growth over the second quarter (July-September) in terms of net payroll addition, the ministry stated.

Growing trend in the EPFO payroll numbers and the accelerated expansion of the subscription base may partly be attributed to recent e-initiatives taken by the EPFO for seamless and uninterrupted service delivery, it said in a statement.

Further, the policy support for formalization of the economy through ABRY (Atmanirbhar Bharat Rojgar Yojana ), PMGKY (Pradhan Mantri Garib Kalyan Yojana) and PMRPY (Pradhan Mantri Rojgar Protsahan Yojana) schemes of Government of India, amid COVID -19 pandemic have also helped, it said.

Age-wise analysis indicates that during December 2020 also workers in the 22-25 year age group have registered substantial growth in subscriber base with around 3.36 lakh net enrollments. This was followed by the 18-21 year age-bracket with around 2.81 lakh net enrollments. As per data, 18-25 age-groups have contributed to the tune of around 49.19% of the total subscriber additions in December, 2020.

Further, states of Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka continue to lead in employment generation by adding 29.12 lakh net subscribers out of 53.70 lakh during the current financial year across all the age-groups.

Industry-wise analysis indicates that the ‘expert services’ category (which primarily includes manpower agencies, private security agencies and small contractors) continues to be the best performer. Out of 46.26 lakh net payroll additions in top ten industry categories, expert services category contributed 26.94 lakh subscribers from April to December, 2020 across all age groups.

Gender-wise analysis of payroll data for the month of December, 2020 shows that the share of females enrolment is approximately 22.76%. Out of total 8.04 lakh net subscribers joined the EPF Scheme in the month of December, 2020, total 1.83 lakh were women compared to 1.52 lakh women added in November, 2020.

Since April, 2018 EPFO has been releasing payroll data covering the period September 2017 onward. The data of exited members is based on the claims submitted by the individuals and establishments and the exit data uploaded by employers, whereas the number of new subscribers is based on the Universal Account Number (UAN) generated in the system and have received non-zero subscription. The payroll data is provisional since the data generation and updation of employee record is a continuous process.





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