Employees’ State Insurance Corporation (ESIC) has announced a significant milestone in its social security coverage.
20.58 lakh new workers have enrolled under the ESI Scheme in the month of September 2024.
This marks a substantial increase in registrations, reflecting the growing reach of the scheme.
Gender Inclusivity and New Establishments Under ESIC
A closer look at the data reveals that 10.05 lakh young employees (approximately 48.83% of the total registrations) belong to the age group of up to 25 years.
This indicates a strong emphasis on providing social security benefits to the younger workforce.
Additionally, the gender-wise analysis shows that 3.91 lakh female employees have been enrolled in the ESI Scheme, highlighting the scheme’s commitment to gender inclusivity.
In a significant step towards inclusivity, 64 transgender employees have also been registered under the ESI Scheme in September 2024.
This move underscores ESIC’s dedication to extending its benefits to every section of society.
The month of September 2024 also saw the registration of 23,043 new establishments under the ESI Scheme.
This expansion ensures that more workers are now covered under the social security ambit of the scheme, providing them with essential benefits such as medical and cash benefits in case of sickness, maternity, and employment injury.
Year-on-Year Growth and Provisional Payroll Data
A Year-on-Year analysis indicates a 9% growth in net registrations compared to September 2023.
In September 2023, the number of new employees registered was 18.88 lakh, which has now increased to 20.58 lakh in September 2024.
This growth reflects the increasing awareness and acceptance of the ESI Scheme among employers and employees alike.
The provisional payroll data of ESIC reveals that data generation is a continuous exercise.
The figures are subject to change as more information is collected and verified.
However, the current data provides a comprehensive overview of the scheme’s reach and impact.
The significant increase in enrollments and establishments under the ESI Scheme in September 2024 highlights the scheme’s effectiveness.
It also demonstrates the government’s commitment to providing social security to a larger section of the workforce.
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