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4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data

EPFO releases data for employee exits in formal sector

mental health, stress, employee, workers, staff, jobs
The payroll data continues to remain volatile, according to the EPFO’s own admission in a press statement on Thursday.

Around four million formal sector workers will be eligible for provident fund subsidy from the central government as they had left their jobs during March-September. The payroll data released by the Employees’ Provident Fund Organisation (EPFO) on Friday showed around 3.9 million workers had exited the firms that were making EPF contributions towards them. The Centre had announced the Atmanirbhar Bharat Rozgar Yojana to incentivise formal sector job creation. Under this, the government will subsidise full EPF contribution of workers who are hired between October 2020 and ...