EPFO constructing. File picture
| Photograph Credit score: Niranjan R. Varma
Retirement fund physique Employees Provident Fund Organisation (EPFO) recorded a web addition of 19.94 lakh members in July this 12 months, the Labour Ministry stated on Monday (September 23, 2024).
Union Labour Minister Mansukh Mandaviya stated in a press convention that 10.52 lakh new or first-time employees subscribed to Social Safety schemes run by the EPFO.
The minister stated nearly 20 lakh web new members addition (19.94 lakh) have been recorded in July this 12 months. He additionally knowledgeable that 8.77 lakh members added in July are within the age group of 18-25 years.
Practically 6.25 lakh members of ages between 18 and 25 are first-time employees or new joiners, in response to the newest knowledge. About 59.4% of recent joiners fall throughout the 18-25 age bracket. He stated that the info exhibits the employment of younger individuals has elevated.
He additionally knowledgeable that 4.41 lakh feminine members have been added by EPFO in July which incorporates 3.05 lakh new joinees. The minister identified that feminine employment has additionally elevated.
Revealed – September 23, 2024 04:19 pm IST
