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Expanding the net
Business Standard
|July 24, 2025
Social-security scheme must be made more effective
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The data released this week showed that the Employees' Provident Fund Organisation (EPFO) marked a significant milestone in May 2025, recording the highest net addition of members in any month since the launch of its data tracking. Of the two million new net subscribers, around 0.94 million were first-time ones, an increase of 11.04 per cent over April 2025. The increase indicates formalisation in the job market. Further, a major driver behind this surge was the pronounced participation of young workers. The 18-25 age group accounted for 59 per cent of all new EPFO members in May. This demographic indicator suggests expanding formal-sector opportunities for first-time job seekers. Equally notable was the uptick in female participation. The continued rise in female EPFO membership shows a broader shift towards a more inclusive and diverse workforce.
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