The Economic Times daily newspaper is available online now.

    Employees' State Insurance Corporation adds 2 million subscribers in June

    Synopsis

    Formal job creation under the Employees' State Insurance (ESI) Scheme remained flat in June compared to May, with addition of 2.02 million new subscribers. The ESI Corporation had added 2.02 million subscribers in May and 1.78 million formal workers in April.

    Formal job creation under ESIC remains flat in JuneiStock
    Formal job creation under the Employees' State Insurance (ESI) Scheme remained flat in June compared to May, with addition of 2.02 million new subscribers. The ESI Corporation had added 2.02 million subscribers in May and 1.78 million formal workers in April.

    As per the provisional payroll data of the ESIC, released by the labour and employment ministry on Thursday, around 24,298 new establishments were registered and brought under the social security umbrella of the ESIC in June, thus ensuring more coverage. This was, however, a tad lower than 24,886 new establishments added in May.

    Further, employees up to 25 years of age constituted 48.22% of the total workforce employed in the formal sector under the ESIC in June, with the youth workforce pegged at 0.97 million out of the total 2.02 million formal workers added to the corporation during the month.

    While the number of female employees added to the scheme in June stood at 0.38 million, 71 transgender employees got registered under the ESI schemein the month, the ministry said.

    "It shows ESIC is committed to deliver benefits to every section of the society," the ministry said, adding that payroll data is provisional since the data generation is a continuous exercise.



    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more

    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in