EPFO adds 19.29 lakh members in June as employment rises ...Middle East

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EPFO adds 19.29 lakh members in June as employment rises
New Delhi: EPFO has added 19.29 lakh net members in June this year, which represents a 7.86 per cent increase over the same month last year, reflecting an increase in employment, a growing awareness of employee benefits, and the effectiveness of the organisation’s outreach programmes, as per data from the Ministry of Labour and Employment. The data indicates that around 10.25 lakh new members have enrolled during June 2024. There is an increase of 4.08 per cent in the new members from the previous month of May 2024 and a 1.05 per cent increase from the previous year June 2023. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 59.14 per cent

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