Strategies to Meet ESIC’s Revenue Income Targets for 2024-25

In light of the recent communication regarding the revenue income targets for 2024–25, it is crucial for the Employees State Insurance Corporation (ESIC) to address the shortfall from the previous year. This shortfall is a serious concern, as the contributions collected by field offices are vital for providing benefits to beneficiaries. This notification was published on August 8, 2024.

To meet the 2024–25 targets, the following measures must be implemented:

1. Regularly review employer files beyond the online defaulter list and promptly initiate defaulter actions like issuing C-18 notices.
2. Continuously update and cleanse employer data to maintain an accurate defaulter list.
3. Prevent claims from becoming time-barred by assigning individual responsibilities.
4. Ensure the timely issuance of contribution determination orders under Section 45-A of the ESI Act.
5. Issue recovery certificates promptly if contributions remain unpaid.
6. Collaborate with other departments to identify and cover uncovered units.
7. Conduct employer inspections as per the new inspection policy of 2014.

Efforts in these areas are essential for achieving the set revenue income target for the Employees State Insurance Corporation.