Job creation under ESIC up 5.8% in March: Payroll data

Formal job creation under the Employees' State Insurance Corporation (ESIC) went up 5.79% month-on-month in March to 1.63 million compared to 1.54 million in the previous month, showed the provisional payroll data released by the labour and employment ministry on Friday.

As per the data, around 31,514 establishments were added to the ESIC in March, an increase of 33.9% compared to 23,526 new establishments that were brought under the social security ambit of the ESI scheme in February.

"Out of the total 1.63 million employees added during the month, 0.79 million employees or 49% of the total registrations belong to the age group of up to 25 years," it said.

Gender-wise analysis of the payroll data indicated that net enrolment of female members was 0.36 million in March while 100 transgender employees got registered under ESI scheme during the month, underlining the ESIC's commitment to deliver its benefits to every section of the society.

The payroll data is provisional since the data generation is a continuous exercise, the corporation said.

The ESIC is one of the two main statutory social security organisations under the labour and employment ministry, the other being the Employees' Provident Fund Organisation.

The fund is managed by the ESIC according to rules and regulations stipulated in the ESI Act, 1948.

All employees earning up to ?21,000 per month as wages contribute 0.75% of their wages while the employer contributes 3.25%, taking the total contribution to 4%, which is used to provide medical and cash benefits to the employees and their families.

The employees registered under the scheme are entitled to medical treatment for themselves and their dependents, unemployment cash benefit in certain contingencies and maternity benefit in case of women employees.

In case of employment-related disablement or death, there is provision for a disablement benefit and a family pension respectively.



( Originally published on May 23, 2025 )