Navigating ESIC’s 2024-25 Recovery Plan: What You Need to Know

The Employees’ State Insurance Corporation (ESIC) has issued updated guidelines to meet recovery targets for the fiscal year 2024–25. Following disappointing results in 2023–24, this directive highlights essential actions to enhance recovery efforts. This notification was published on 09/08/2024.

Key strategies include:

1. Seizure and Sale: Implement the attachment and sale of movable and immovable assets of defaulter establishments.
2. Legal Measures: Pursue the arrest and imprisonment of employers for recovery.
3. Receiver Appointment: Assign a receiver to manage the defaulter’s assets.
4. Dedicated Recovery Officers: Ensure recovery officers focus solely on pending dues.
5. Priority on Challan Defaulters: Address cases where employers issued but did not pay challans.
6. Status Updates: Regularly update employer statuses in the insurance module to reflect closures accurately and reduce disputes.

Field offices must provide monthly progress reports for high-value cases (Rs. 25 lakh and above) to HQ. Adherence to these directives is crucial for achieving the set recovery goals.