21.67 Lakh New Employees Join ESI Scheme in June 2024, Says Labour Ministry
The Union Ministry of Labour and Employment announced that 21.67 lakh new employees were enrolled under the Employees’ State Insurance Corporation (ESIC) Scheme in June 2024. This includes 10.58 lakh employees aged up to 25 years and 4.32 lakh female members. Additionally, 55 transgender employees were registered.
The ministry also reported that 13,483 new establishments were added to the ESI Scheme, showing a 7% growth in net registrations compared to June 2023.
Doubts Revealed
Lakh -: In India, ‘lakh’ is a term used to represent 100,000. So, 21.67 lakh means 2,167,000.
ESI Scheme -: The ESI Scheme stands for Employees’ State Insurance Scheme. It is a health insurance and social security scheme for Indian workers.
Labour Ministry -: The Labour Ministry, or the Union Ministry of Labour and Employment, is a part of the Indian government that looks after issues related to workers and employment.
Employees’ State Insurance Corporation (ESIC) -: ESIC is a government organization in India that provides health insurance and social security benefits to workers.
Transgender -: Transgender people are those whose gender identity is different from the sex they were assigned at birth.
Establishments -: In this context, establishments refer to businesses or companies that have registered under the ESI Scheme to provide benefits to their employees.
Net registrations -: Net registrations mean the total number of new registrations minus any cancellations or deletions. It shows the actual growth in the number of registered entities.