Team Blitz India
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) has added 18.53 lakh net members in the month of August, a 9.07 per cent year-on-year growth compared to August 2023. It enrolled around 9.30 lakh new members, representing an increase of 0.48 per cent.
This signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by the EPFO’s effective outreach initiatives, said the Ministry of Labour and Employment. According to the ministry, a noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 59.26 per cent of the total new members added in August 2024.
In addition, the net payroll data for the age group 18-25 for August 2024 is 8.06 lakh. “This is in consonance with the earlier trend which indicates that most individuals joining the organised workforce are youth, primarily first-time job seekers,” said the ministry.
Approximately 13.54 lakh members exited and subsequently rejoined the EPFO – – a YoY growth of 14.03 per cent compared to August 2023. The EPFO added around 2.53 lakh new female members – a year-on-year growth of 3.75 per cent.
Also, the net female member addition during the month stood around 3.79 lakh. The surge in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce.
Top five states/UTs constitute around 59.17 per cent of net member addition, adding a total around 10.97 lakh net members during the month.
Of all the states, Maharashtra led by adding 20.59 per cent of net members. Maharashtra, Karnataka, Tamil Nadu, Haryana, Delhi, Gujarat, Telangana, and Uttar Pradesh individually added more than 5 per cent of the total net members.
