Formal female workforce more than doubles under EPFO in 5 years

Net new female members added under the retirement fund body more than doubled to 2.8 million in FY23 from 1.30 million in FY19, as per EPFO payroll data. This is primarily because companies have become more inclusive and are now moving towards greater gender parity while the government has brought in several incentives to attract more women to the workforce.

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