ESIC adds 1.64 million new employees in April

  • The Ministry of Labour and Employment, which released the data, said that of the new additions, 784,000 were young employees under the age of 25.

Rhik Kundu
First Published19 Jun 2024
The ministry of labour and employment, which released the data, said that of the new additions, about 784,000 were under the age of 25.
The ministry of labour and employment, which released the data, said that of the new additions, about 784,000 were under the age of 25.(HT)

The Employees’ State Insurance Corporation (ESIC) added 1.64 million new members in April, payroll data released on Wednesday said.

The ministry of labour and employment, which released the data, said that of the new additions, 784,000 were young employees under the age of 25.

The month also saw the inclusion of around 18,490 new establishments under the ESIC's social security scheme, expanding coverage to more workers.

Gender analysis of data

A gender analysis of the payroll data revealed that women accounted for 338,000 of the net enrolments in April, with 53 transgender employees also registering under ESI.

Read Also: India's employment challenge: 20 million jobs need to be created each year

"Through the data, it is noticeable that more jobs have been generated for the youth of the nation as out of the total 1.64 million employees added during the month, 784,000 employees amounting to around 47.60% of the total registrations belong to the age group of up to 25 years," the labour ministry said.

Also Read: ESIC adds 1.59 mn new employees in November

"Also, the gender-wise analysis of the payroll data indicates that the net enrolment of female members was 338,000 in April 2024. Besides, a total of 53 transgender employees have also been registered under the ESI Scheme in April 2024 which attests to the commitment of ESIC to deliver its benefits to every section of the society," it added.

During March, the EPFO added 1.44 million net members, while the total number of new members stood at 747,000.

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.MoreLess
HomePoliticsPolicyESIC adds 1.64 million new employees in April

Most Active Stocks

Indian Oil Corporation

168.30
08:05 AM | 2 JUL 2024
0.6 (0.36%)

Bharat Electronics

304.90
08:05 AM | 2 JUL 2024
-3 (-0.97%)

Tata Steel

174.70
08:05 AM | 2 JUL 2024
0.6 (0.34%)

Oil & Natural Gas Corporation

273.40
08:05 AM | 2 JUL 2024
0.4 (0.15%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

EPL

219.35
07:56 AM | 2 JUL 2024
17.4 (8.62%)

Archean Chemical Industries

732.65
07:56 AM | 2 JUL 2024
52.6 (7.73%)

Solar Industries India

10,837.00
07:56 AM | 2 JUL 2024
738.05 (7.31%)

TV18 Broadcast

44.43
07:56 AM | 2 JUL 2024
2.89 (6.96%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,671.00399.00
    Chennai
    73,096.00-607.00
    Delhi
    73,024.0040.00
    Kolkata
    73,743.00543.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.98/L0.23
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts