The latest provisional payroll data from the Employees’ State Insurance Corporation (ESIC) for April 2023 reveals a remarkable increase in the number of employees and establishments registered under the ESI Scheme. The data highlights the significant impact of the scheme in generating employment opportunities for the youth while promoting inclusivity by extending benefits to transgender employees. This article delves into the key findings of the data, emphasizing the scheme’s positive contributions to the workforce.
Surge in Employee Registrations: In April 2023, a staggering 17.88 lakh new employees were added to the ESI Scheme, signifying substantial growth in employment opportunities. This increase reflects the expanding reach and effectiveness of the scheme in providing social security benefits to workers across various sectors.
Expansion of Coverage: Apart from the growth in employee registrations, the data reveals the registration of 30,249 new establishments under the ESI Scheme in April 2023. This expansion of coverage signifies the scheme’s efforts to encompass a wider range of employers and industries, thereby providing comprehensive social security to a larger workforce.
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