India, Feb. 12 -- The Government of India has issued a release:
Year
2019-20
2023-24
New Establishments
*1,17,064
*2,94,910
Year
2019-20
2023-24
Avg. no. of Contributing Members
#4,89,21,025
#7,37,39,204
The following initiatives have been taken to expand registration and improve regional coverage:
Further, from February 2020, auto registration under EPFO is being done for Public and Private Limited Companies and One Person Companies at Ministry of Corporate Affairs registration portal through Spice+ and AGILE-PRO e-forms.
As a result of these interventions, the new establishment registration and number of contributory members have progressed quite significantly.
* It is seen that there is an increase of 251% i...