New Subscribers under EPF Scheme (2023-24)
New Subscribers under EPF Scheme (2023-24)
EPS 95 is a Defined Contribution Defined benefit Scheme. Demand to link monthly pension of workers under Employees’ Pension Scheme, 1995 (EPS-1995) with cost of living index was considered by the High Empowered Monitoring Committee constituted by the Central Government in the year 2018 for complete evaluation and review of EPS-1995 and it was not found feasible for a funded scheme like EPS-1995. Therefore, the value of benefits cannot be left open ended by linking with inflation, which is variable.
The total number of new subscribers under EPF Scheme across the country was 1,09,93,119 as on 15.05.2024 for Financial Year 2023-24.
Details of State-wise New EPF Subscribers as on 15.05.2024 for Financial Year 2023-24 are given below.
Data as on 15.05.2024 for Financial Year 2023-24
State/UT
Number of New EPF Subscribers
ANDAMAN AND NICOBAR ISLANDS
2,193
ANDHRA PRADESH
252,688
ARUNACHAL PRADESH
2,645
ASSAM
69,519
BIHAR
124,575
CHANDIGARH
112,906
CHATTISGARH
110,816
DELHI
776,891
GOA
49,951
GUJARAT
881,243
HARYANA
744,828
HIMACHAL PRADESH
82,402
JAMMU AND KASHMIR
36,718
JHARKHAND
103,266
KARNATAKA
1,195,998
KERALA
196,876
LADAKH
576
MADHYA PRADESH
272,828
MAHARASHTRA
2,116,863
MANIPUR
1,956
MEGHALAYA
5,407
MIZORAM
690
NAGALAND
1,602
ORISSA
171,312
PUNJAB
139,238
RAJASTHAN
383,731
TAMIL NADU
1,191,562
TELANGANA
707,854
TRIPURA
4,165
UTTAR PRADESH
629,541
UTTARAKHAND
154,129
WEST BENGAL
468,150
Grand Total
10,993,119
This information was given by Union Minister of State for Labour & Employment, Smt. Shobha Karandlaje in a written reply in Lok Sabha today.