Esic

EPFO, ESIC subscribers may soon use claim money via e-wallets: Labour secy

Subscribers of retirement fund body EPFO and Employees' State Insurance Corporation may soon be able to use the claim settlement amounts through e-wallets, a top official said on Wednesday. Replying to a question on EPF withdrawal from ATMs, Secretary in the Ministry of Labour and Employment Sumita Dawra told PTI, "This is an area of great interest for the insured person, for a contributor. How can I withdraw my money more easily." In cases of auto settlement... the money goes to the bank account and they in any case are able to withdraw it from the bank account, from any ATM presently, Dawra said. "Now you are talking about how the claim can go directly to probably a wallet or, we'll have to work out some mechanism. So there we have started talks with bankers and also we are going to have a plan in place on how we can do this practically," she said, while speaking on the sidelines of a tourism summit here. "We are reaching out to them (Reserve Bank of India) and we'll have a plan

ESIC enrols 2.07 mn new members in Aug, net additions rise by 6.8%

Employees State Insurance Corporation (ESIC) logged a 6.8 per cent increase in new enrollments of members to 20.74 lakh under the ESI Scheme in August 2024 compared to the year-ago period. ESIC had added 19.42 lakh new members in August 2023, a labour ministry statement said. According to the statement, the provisional payroll data of ESIC reveals that 20.74 lakh new employees have been added in the month of August 2024. As many as 28,917 new establishments have been brought under the social security ambit of the ESI Scheme in the month of August 2024 thus ensuring social security to more workers. The data showed that of the total members added during the month, 9.89 lakh employees amounting to around 47.68 per cent of the total registrations belong to the age group of up to 25 years. Also, the gender-wise analysis of the payroll data indicates that net enrolment of female members was 4.14 lakh in August 2024. Besides, a total of 60 transgender employees have also got registered u

HSCC gets Rs 1,322 cr worth work orders from ESIC for hospital construction

State-owned NBCC's arm HSCC (India) Ltd has bagged Rs 1,322.48 crore worth of contracts from Employees State Insurance Corporation to construct a hospital at Manesar in Haryana and build additional 500 beds at Faridabad. In a regulatory filing on Tuesday, NBCC informed that HSCC (India) Limited, its wholly-owned subsidiary, has bagged two contracts from Employees State Insurance Corporation with a combined value of Rs 1,322.48 crore. HSCC will construct additional 500 beds, with enhancement of bed strength from 650 to 1,150 beds, at ESIC Medical College and Hospital at Faridabad on a deposit mode basis. The value of the work is Rs 642.69 crore. It will also construct a 500-bedded ESIC Hospital at Manesar (Gurugram), Haryana on a deposit mode basis. The value of work order is Rs 679.79 crore. NBCC is into project management consultancy and real estate businesses.

Govt to set up 10 new ESIC medical colleges, extend unemployment allowance

The government will set up 10 new ESIC medical colleges and extend the unemployment allowance scheme for ESI Corporation members until June 2026, the Labour & Employment Ministry said on Tuesday. Labour & Employment Mansukh Mandaviya at a meeting of ESI Corporation here announced several key decisions for further strengthening the infrastructure and medical facilities of ESIC, the ministry said in a release. Mandaviya announced the establishment of 10 New ESIC Medical Colleges across various locations in the country. This decision will support the announcement made by Prime Minister during the independence day (2024) speech of creating new 75000 medical seats in the next 5 years, the ministry said. He has given extension to Atal Beemit Vyakti Kalyan Yojna for a period another two years starting July 1, 2024 upto June 30,2026. The scheme introduced in 2018 intends to provide support in the form of an Unemployment Allowance during the period when an insured person searches for a

Goyal asks realtors to ensure ESIC, PF registrations for 70 mn people

Union Commerce and Industry Minister Piyush Goyal on Tuesday asked the real estate industry to provide guaranteed ESIC and provident fund registrations for 7 crore people working in this sector, besides adopting new form of construction process for fast project execution with less pollution. Addressing an event organised by realtors' apex body CREDAI here, he also asked India Inc, including realty firms, to set up manufacturing facilities for construction equipment to make India self-reliant. "I urge you to kindly think about this in very serious terms... can we ensure a guaranteed ESIC and provident fund registration of all these 70 million workmen and women (working in this sector)," Goyal told real estate players. He asked the CREDAI to come out with a resolution on November 25, when the association will celebrate its 25 years, after extensive stakeholder discussions with its 14,000 members. Goyal said there are many positive impacts if industry ensures guaranteed ESIC and PF ..

ESIC new member addition increase by 13.32% to 2.25 million in July

Employees' State Insurance Corporation (ESIC) recorded a 13.32 per cent increase in subscribers addition to 22.53 lakh in July, 2024 compared to the figure of a year ago, according to the payroll data released on Friday. The latest payroll date released by the labour ministry showed that 19.88 lakh new subscribers were added in July 2023. The provisional payroll data of ESIC reveals that 22.53 lakh new employees have been added in July this year. According to the statement, 56,476 new establishments have been brought under the social security ambit of the ESI Scheme in the month under review. Further, the year-on-year analysis shows a growth of 13.32 per cent in net registrations compared to July 2023, it stated. The data further showed that out of the total 22.53 lakh employees added during the month, 10.84 lakh employees amounting to around 48 per cent of the total registrations belonged to the age group of up to 25 years. Also, a gender-wise analysis of the payroll data indica

Usher in competition between EPF and NPS to boost formal job creation

The government needs to introduce competition between EPFO and NPS, and between ESIC and health insurance companies, while making contributions voluntary for low-paid workers

ESIC adds 2.167 mn new members in June, 7% higher than previous yr

Employees' State Insurance Corporation (ESIC) has added 21.67 lakh new workers under its ESI scheme in June 2024, which is about 7 per cent higher as compared to the year-ago period, showed the latest payroll data. The ESIC had added 20.27 lakh new members in June 2023, a labour ministry statement said. Of the total 21.67 lakh employees added during the month, 10.58 lakh workers accounting for around 49 per cent of the total registrations belong to the age group of up to 25 years, it said. Also, the net enrolment of female members was 4.32 lakh in June 2024. Besides, a total of 55 transgender employees got registered under the ESI scheme in June 2024. As many as 13,483 new establishments were brought under the social security ambit of the ESI scheme in June 2024, thus ensuring social security to more workers. The payroll data is provisional since the data generation is a continuous exercise.

ESIC adds 1.6 mn workers, including 0.3 mn women, in April: Payroll data

Employees' State Insurance Corporation (ESIC) added 16.47 lakh new members in April as per payroll data released on Wednesday. "Through the data, it is noticeable that more jobs have been generated for the youth of the nation as out of the total 16.47 lakh employees added during the month, 7.84 lakh employees amounting to around 47.60 per cent of the total registrations belong to the age group of up to 25 years," a labour ministry statement said. According to the statement the provisional payroll data of ESIC reveals that 16.47 lakh new employees have been added in April 2024. Also, it stated that the gender-wise analysis of the payroll data indicates that net enrolment of female members was 3.38 lakh in April. Besides, 53 transgender employees also got registered under the ESI Scheme in the April, attesting to ESIC's commitment to deliver its benefits to every section of society. Around 18,490 new establishments have been brought under the social security ambit of the ESI Scheme

ESIC adds around 1.88 mn new members in Dec, 47% youth, shows govt data

Employees' State Insurance Corporation (ESIC) added 18.86 lakh new members in December 2023, according to provisional payroll data released on Thursday. Around 23,347 new establishments were registered and brought under the social security umbrella of ESIC in December, ensuring more coverage, the labour ministry said in a statement. The data shows that more jobs were generated for the youth during the month as out of the total 18.86 lakh employees added, 8.83 lakh, constituting 47 per cent of the total registrations, were up to the age group of 25 years. The net enrolment of female members was 3.59 lakh in December 2023, according to the data. A total of 47 transgender employees were registered under the ESI Scheme in December. It also shows that ESIC is committed to delivering its benefits to every section of society, the ministry stated. The payroll data is provisional since the data generation is a continuous exercise.

ESIC extends benefits to superannuated insured persons with relaxed norms

The Employees' State Insurance Corporation (ESIC) on Saturday decided to extend medical benefits to superannuated insured persons with relaxed norms. The decision was taken at the 193rd meeting of ESIC under the chairmanship of Union Minister Bhupender Yadav, a labour ministry statement said. The ESIC approved a proposal to provide medical benefits to the insured superannuating workers who went out of the ESI Scheme coverage due to exceeding the wage ceiling, if the worker was under insurable employment for at least 5 years before superannuation/ voluntary retirement, it stated. The persons who were in the insurable employment for at least 5 years after April 1, 2012 and superannuated/voluntarily retired on or after April 1, 2017 with wages up to Rs 30,000 per month will be benefitted under the new scheme. To augment the service delivery mechanism in North-Eastern states to fulfil the vision of Act East Policy of the government, the ESIC relaxed the existing norms for establishment

ESIC considers to extend medical benefits to unorganised, gig workers

Employees' State Insurance Corporation has already initiated several discussions with various stakeholders

ESIC adds 1.6 million new members in November, 317K females: Payroll data

The Employees' State Insurance Corporation (ESIC) added 15.92 lakh new members in November 2023, according to provisional payroll data released on Tuesday. Around 20,830 new establishments were registered and brought under the social security umbrella of ESIC in November ensuring more coverage, the labour ministry said in a statement. The data shows that more jobs were generated for the youth during the month as out of the total 15.92 lakh employees added, 7.47 lakh, which constituted 47 per cent of the total registrations, were up to the age group of 25 years. Net enrolment of female members was 3.17 lakh in November 2023, according to the data. A total of 58 transgender employees were registered under ESI Scheme in November. It shows that ESIC is committed to delivering its benefits to every section of the society, the ministry stated. The payroll data is provisional since the data generation is a continuous exercise.

ESIC leads in providing social security benefits by formalising workforce

ESIC is the primary government scheme that provides socio-economic protection against sickness, maternity, disablement, and death due to work-related injuries to employees in the organised sector

ESIC adds around 1.7 million new subscribers in October: Payroll data

The Employees' State Insurance Corporation (ESIC) added 17.28 lakh new members in October, according to provisional payroll data released on Friday. Around 23,468 new establishments have been registered and brought under the social security umbrella of the ESIC in October 2023, ensuring more coverage, the Labour Ministry said in a statement while releasing the payroll data. Around 17.28 lakh new employees have been added in October 2023, the ministry said. More jobs have been generated for the youth as out of the total 17.28 lakh employees added, 8.25 lakh employees up to the age group of 25 years constitute new registrations, which is 47.76 per cent of the total employees. Net enrollment of female members was 3.31 lakh in October, according to the data. A total of 51 transgender employees were registered under the ESI Scheme in the month of October. It shows that ESIC is committed to deliver its benefits to every section of the society, the ministry stated. The payroll data is

Employees' State Insurance adds 1.8 million new members in September

Employees' State Insurance Corporation (ESIC) has added 18.88 lakh new workers under the ESI Scheme in September, as per the latest payroll data. Around 22,544 new establishments have been registered and brought under the social security umbrella of the ESIC in September, thereby ensuring more coverage, a labour ministry statement said. The provisional payroll data of ESIC revealed that 18.88 lakh new employees have been added in September, it said. Data revealed that more jobs have been generated for the youth as of the 18.88 lakh employees added during the month, 9.06 lakh employees up to the age group of 25 constitute the majority of new registrations which is 47.98 per cent of the total employees, it stated. Gender-wise analysis of the data indicates that the net enrolment of women members was 3.51 lakh in September. The data shows that 61 transgender employees have also got registered under the ESI Scheme during the month. The payroll data is provisional since the data gener

Employees' State Insurance Corporation added 194,200 new members in August

The Employees' State Insurance Corporation (ESIC) added 19.42 lakh new subscribers in August, according to provisional payroll data. "The provisional payroll data of ESIC reveals that 19.42 lakh new employees have been added in the month of August, 2023," the Ministry of Labour & Employment said in a statement on Friday. According to the data, around 24,849 new establishments have been registered and brought under the social security umbrella of the Employees' State Insurance Corporation in the month of August, 2023, thus ensuring more coverage. Data revealed that more jobs have been generated for the youth of the nation, as out of the total 19.42 lakh employees added during the month, 9.22 lakh employees up to the age group of 25 years constitute new registrations, which is 47.48 per cent of the total employees. Gender-wise analysis of payroll data indicates that net enrolment of female members has been 3.73 lakh in August, 2023. The data shows that a total 75 transgender ...

Over 1.94 million new workers enrolled under ESI Scheme in August

According to the official release, around 24,849 new establishments have been registered and brought under the social security umbrella of the ESIC in August 2023, thus ensuring more coverage

Parliamentary committee seeks annual review of ESIC investment policy

This comes as interest received by it from govt bonds has seen a decline

1.98 mn new workers enrolled under health insurance scheme ESI in July

Employees' State Insurance Corporation added 19.88 lakh new workers under its health insurance scheme ESI in July 2023. The provisional payroll data of ESIC shows that 19.88 lakh new employees were added in the month, a labour ministry statement said. Around 27,870 new establishments were registered and brought under the social security umbrella of ESIC in the month under review, thus ensuring more coverage, it said. The data shows that more jobs were generated for the youth as out of the total 19.88 lakh employees added during the month, 9.54 lakh were up to the age of 25 years, constituting the majority of new registrations. Gender-wise analysis of the payroll data indicates that net enrolment of female members was 3.82 lakh in July 2023. The data shows that total 52 transgender employees were registered under ESI (Employees State Insurance) scheme in July 2023. The payroll data is provisional since data generation is a continuous exercise.