The number of employees associated with EPFO in April 2021 increased by 13.73 percent as compared to March to a total of 12.76 lakhs.
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The number of employees associated with the Employees’ Provident Fund Organization (EPFO) in April 2021 increased by 13.73 per cent as compared to March to a total of 12.76 lakh. It was 11.22 lakh in March 2021. This information has been given in the release of the Labor Department issued on Sunday. These figures indicate the direction of employment opportunities in the organized sector amid the COVID-19 pandemic. In the financial year 2020-21, EPFO added a total of 77.08 lakh new members, this number was 78.58 lakh a year ago.
According to provisional figures, a net 12.76 lakh members (employees) joined EPFO in April 2021. Despite the second wave of COVID-19, there was a net increase of 13.73 per cent in the number of new employees as compared to March 2021.
The number of people who left the membership of April EPFO less
According to the data, the number of people who left the EPFO subscription in April 2021 was less than 87,821 as compared to March 2021. Similarly, the number of memberships joining EPFO again during this period was 92,864 more than in March.
6.89 Lakh Members New Members
According to the data released in May this year, in April last year, there was a decline of 2,84,576 in the new enrollment of employees in the EPFO. This means that the number of people who left the EPFO membership in April 20 was more than those who joined or rejoined the scheme.
This was mainly due to the impact of the lockdown imposed by the government during the first wave of COVID-19. Out of 12.76 lakh new members who joined EPFO in April 2021, about 6.89 lakh members have come under the social security cover of EPFO for the first time.
Relief in Corona period
EPFO has taken many big steps for those working in Corona crisis. The Employees’ Provident Fund Organization (EPFO) has made several announcements in recent days, including EPF withdrawal from its Provident Fund (PF) deposits. Recently, EPFO has given the facility to the job seekers to withdraw COVID-19 advance from the EPF account for the second time. This is a non-refundable advance. If an EPF account holder faces any kind of financial crisis, then withdrawing money from PF can raise funds.
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