Top Searches
Advertisement

EPFO Sees Steady Growth, Adds 1.45 Million Net Members in March


Updated: May 21, 2025 15:12

Image Source : Fortune India
The Employees’ Provident Fund Organization (EPFO) has reported a net addition of 1.45 million members in March 2025, marking a 1.15 percent year-on-year increase. The latest payroll data highlights a steady rise in formal employment, driven by growing awareness of employee benefits and EPFO’s outreach initiatives.  
 
Membership Growth and Workforce Trends  
- EPFO enrolled approximately 7.54 lakh new subscribers in March, reflecting a 2.03 percent increase over February 2025  
- The 18-25 age group accounted for 58.94 percent of new subscribers, indicating strong participation from first-time job seekers  
- Around 13.23 lakh members who had exited earlier rejoined EPFO, showcasing a 12.17 percent year-on-year growth  
 
Gender Representation and Inclusivity  
- Approximately 2.08 lakh new female subscribers joined EPFO in March, marking a 4.18 percent year-on-year increase  
- Net female payroll additions stood at 2.92 lakh, reflecting a broader shift toward a more inclusive workforce  
- The data suggests continued efforts to improve gender diversity in formal employment  
 
Regional Distribution and Market Impact  
- The top five states and union territories contributed 59.67 percent of net payroll additions, totaling around 8.70 lakh members  
- EPFO’s expansion efforts have strengthened formal employment opportunities across various sectors  
- Analysts anticipate further growth in payroll additions as economic conditions stabilize  
 
Future Outlook  
- EPFO continues to enhance its digital services, making enrollment and benefit access more seamless for employees  
- The organization remains focused on expanding social security coverage, ensuring long-term financial stability for workers  
- As employment trends evolve, EPFO’s role in safeguarding workforce welfare is expected to grow  
 
Sources: Business Standard, Press Trust of India, Economic Times.

Advertisement

STORIES YOU MAY LIKE

Advertisement

Advertisement