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The Employees’ State Insurance Corporation is all set to exceed the target of revenue recovery on account of employees and employers contribution in the current financial year. As against a target of Rs. 1532 crores estimated at the budget stage, the Corporation recorded a total contribution income of Rs. 1520 crores during the eleven months period – April 2004 to February 2005.
With the intensive recovery drive during the year in areas with high concentration of employers and worker population, the Corporation expects to mop up a total of Rs. 1750 crores by the end of March 2005. This will be the highest ever recovery of contribution income made by the Corporation in a financial year notwithstanding the fact that the number of insured employees has declined by more than 12 each because of almost static wage ceiling during the last eight years.
As regards recovery of old dues outstanding against defaulting employers, the Corporation had recovered Rs. 149 crores and thus achieved 85% of the annual target of Rs. 175 crores by the end of February 2005. This is Rs. 47 crores more than the recovery made during the corresponding period in the last financial year. More than 19,000 prosecution cases are pending with Employees Insurance Courts and other designated authorities for recovery of Rs. 584 crores from the defaulting employers. The amount comprised of arrears of contribution, interest and damages at the beginning of the current financial year.
MLD/L-165(ESI recovery)(24.3)
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