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EPFO adds 18.23 lakh net members in July

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Employees' Provident Fund Organisation (EPFO) has added 18.23 lakh net members in July 2022 registering a growth of 24.48 percent in comparison to same month of the last year.

The provisional payroll data of EPFO reflects that more than 10 lakh new members out of 18.23 lakh members have come under the social security cover of EPFO for the first time.

According to the data, more than 57 percent are from the age-group of 18 to 25 years in the 10.58 lakh new members added in July this year. The data shows that first-time job seekers are joining organized sector workforce in large numbers.

Among the total new members joining EPFO in July, enrollment of female workforce was recorded 27.54 percent, which is the highest in last 12 months. This indicates that female participation is rising in the organized workforce. (AIR NEWS)

10 Days ago