"This addition of new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programs," the ministry said in a statement.
Data shows 57.7% of new subscriptions, or 0.43 million, were aged between 18 and 25 years, continuing the trend of first-time job seekers entering the organised workforce, it added.
Additionally, about 1.3 million individuals rejoined EPFO in February, an increase of 11.9% year-on-year. These employees changed jobs but chose to transfer their existing EPFO accounts rather than withdrawing savings, the ministry noted.
Female participation also saw a boost, with net payroll additions of around 0.3 million, a growth of 9.2% from February 2024.
Popular in Economy
The growth in female additions indicates a broader shift towards a more inclusive and diverse workforce, the ministry said.
A state-wise analysis shows that Maharashtra, Tamil Nadu, Karnataka, Gujarat and Haryana added 0.96 million.