EPS subscribers with ₹1K pension rose 3% to 3.66 mn in FY24
Business Standard|December 05, 2024
The total number of pensioners receiving minimum assured pension of ₹1,000 under the Employee Pension Scheme (EPS) has increased by 3 per cent to 3.66 million in the financial year 2023-2024 (FY24) compared to the previous year, according to the data from the Employees' Provident Fund Organisation's (EPFO) latest annual report reviewed by Business Standard.
SHIVA RAJORA
EPS subscribers with ₹1K pension rose 3% to 3.66 mn in FY24

The data shows that the central government provided a support of ₹957 crore during FY24 for the minimum pension. Of the total number of pensioners, those who received government support to avail the minimum ₹1,000 monthly pension under EPS increased marginally to 2.06 million in FY24 from 2.05 million in FY23.

The total number of pensioners under the EPS rose by nearly 4 per cent to 7.85 million.

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