In July, the largest number of new subscribers entered ESICrun’s social security systems in any month of the current budget year, suggesting an improvement in the labor market scenario as lockdowns and movement restrictions eased. 4,444 According to official figures, around 13.21 lakh of new members joined the State Employees Insurance (ESI) in July 2021, compared to 10.58 lakh in June, 8.87 lakh in May and 10.72 lakh in April.
The latest data released by the National Statistical Office (NSO) showed that of the total 13.21 lakh recruited in July, 2.26 lakh were women, the highest for any month in the current fiscal year.
According to the report, 1.15 billion new subscribers joined ESIC in 202021, less than 1.51 billion in 201920 and 1.49 billion in 201819.
From September 2017 to March 2018, around 83.35 million euros new subscribers to the ESI program.
A total of 5.42 billion new subscribers joined the ESI system between September 2017 and July 2021.
The Employee Insurance Act of 1948 applies to non-seasonal manufacturing operations with 10 or more employees. For health and medical facilities, the threshold is 20 or more employees. The maximum salary is 21,000 rupees per month.
