Question
The Employees’ Provident Fund Organisation (EPFO)
added 13.40 lakh members on a net basis in March out of which around 7.58 lakh new members have come under the ambit of EPFO for the first time taking the total addition to _____ in 2022-23.Solution
The Employees’ Provident Fund Organisation (EPFO) added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23. EPFO had added a total of 1.22 crore members on a net basis in 2021-22. Out of 13.40 lakh members added during the month of March, around 7.58 lakh new members have come under the ambit of EPFO for the first time.    Among the newly joined members, the highest enrolment is registered in the age group of 18-21 years with 2.35 lakh members, followed by the age group of 22-25 years with 1.94 lakh members.     The age-groups of 18-25 years constitute 56.60 per cent of total new members added during the month.  In terms of net member addition, top 5 states are Maharashtra, Tamil Nadu, Karnataka, Haryana and Gujarat. These states together constitute 58.68 per cent of net member addition during the month.
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