The Employees' Provident Fund Organization has reported a net addition of 16.1 lakh members in February 2025, reflecting a steady growth in employment opportunities and increased awareness of employee benefits. This development highlights EPFO's effective outreach initiatives and its role in safeguarding the financial well-being of India's workforce.
Key observations from the data:
- EPFO enrolled 7.39 lakh new subscribers in February 2025, with the 18-25 age group accounting for 57.71 percent of the total new additions. This trend indicates a significant influx of first-time job seekers into the organized workforce.
- Approximately 13.18 lakh members who had exited earlier rejoined EPFO during the month, showcasing an 11.85 percent year-over-year growth compared to February 2024.
- Female membership saw notable growth, with 2.08 lakh new female subscribers joining EPFO in February 2025, marking a year-over-year increase of 1.26 percent.
- State-wise analysis revealed Maharashtra leading the net payroll additions, contributing 20.90 percent of the total, followed by Tamil Nadu, Karnataka, Gujarat, and Haryana.
These figures underscore EPFO's commitment to enhancing social security coverage and fostering a more inclusive and diverse workforce in India.
Sources: Ministry of Labour and Employment, Economic Times, Moneycontrol, Business Standard.