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Thursday, November 14 2024 | 10:03:10 PM
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New Subscribers under EPF Scheme (2023-24)

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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.

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