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Home National

21.67 lakh workers enrolled in ESIC scheme in June

by Blitzindiamedia
August 30, 2024
in National
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OVER 21lakh new employees were enrolled under the ESIC scheme in June. The year-onyear (YoY) analysis showed a growth of 7 per cent in net registrations compared to June 2023.

As per provisional payroll data of ESIC (Employees’ State Insurance Corporation), 10.58 lakh young employees up to the age group of 25 years constitute new registrations.

According to the data, 13,483 new establishments were registered under the ESIC scheme in June. “Through the data, it is noticeable that out of the total 21.67 lakh employees added during the month, 10.58 lakh employees amounting to around 49 per cent of the total registrations belong to the age group of up to 25 years,” according to the government.

The gender-wise analysis of the payroll data indicates that net enrolment of female members has been 4.32 lakh in June. Besides, a total of 55 transgender employees have also got registered under the ESI scheme in June “which attests the commitment of ESIC to deliver its benefits to every section of the society”

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G20

The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting which was held in Mumbai from September 14-16, 2023 concluded on Saturday in Mumbai. The three day meeting saw G20 GPFI delegates engaging over thought provoking discussions on energizing growth for MSMEs, empowering consumers through digital financial literacy and consumer protection as well as key priority areas of GPFI, namely, digital financial inclusion and SME Finance. On day one of the Meeting, a Symposium was organised involving international experts engaging around two key themes “Energizing MSMEs for Higher Economic Growth through Digital Public Infrastructure” and “Credit Guarantees and SME ecosystems”. The Symposium was addressed by Ajay Seth, Secretary (Economic Affairs), Ministry of Finance; T Rabi Sankar, Deputy Governor (RBI); Mohamed Gouled, Vice President (International Finance Corporation) and Dr Arjun Kumar Karki, Global Coordinator-LDC Watch and Former Ambassador of Nepal to USA. Secretary (Economic Affairs) highlighted that through the New Delhi Leaders Declaration, the G20 Leaders renewed their commitment to accelerate “strong, sustainable, balanced and inclusive growth” and “the full and effective implementation of the 2030 Agenda for Sustainable Development” and underscored that MSMEs will be central in fulfilling both the commitments. Through two panel discussions, eminent global panellists deliberated upon approaches to bridge the challenges faced by MSMEs through innovative measures like DPI for bridging the credit gap, promoting transparency, enhance affordability and drive innovations and productivity gains. On day two and three, the GPFI Plenary Meeting saw discussions on GPFI work regarding implementation of G20 GPFI High Level Principles for Digital Financial Inclusion, Update of National Remittance Plans and SME best practices and innovative instruments to overcome common constraints in SME financing. The discussions contributed towards the culmination of the remaining work of the on-going three year FIAP 2020 which is in its terminal year and is being implemented by the GPFI. The day three discussions were also complemented with a Symposium on “Advancing Financial Inclusion through Digital Public Infrastructure: Empowering Consumers through Digital and Financial Literacy and Consumer Protection”. The Symposium was addressed by Harsh Vardhan Shringla, Chief Coordinator (G20, India), Dr V Anantha Nageswaran (Chief Economic Advisor, Ministry of Finance, Government of India), Shri KV Shaji Kumar (Chairman, NABARD) and saw engaging discussions on building digital ecosystems which enable digitally and financially empowered individuals and enterprises. GPFI members agreed to continue working towards the vision of universal financial inclusion under the new G20 Financial Inclusion Action Plan.

3 years ago

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