The invention discloses a method for distributing and recovering an electric power overhaul tool. The method comprises the steps of distributing tasks to be overhauled; sending an unique task verification code to each worker; inputting the task verification code and identity information of the workers for verifying by a tool extracting system; automatically selecting the electric power tool according to the task content as requirement; distributing to related workers; recording the information of people picking the tool, the picking time and the tool information through a tool warehouse; marking that the tools are in lending state; automatically reminding the corresponding people in case that the tools are not returned timely; removing the corresponding lending state marking signal after a recovering system recognizes and examines the returned tools. With the adoption of the method, a reasonable overhaul tool list can be automatically selected according to different overhaul tasks; in addition, the tools can be quickly and reliably checked; therefore, the intensive management of the tools can be achieved; the reminding can be performed timely, and the tool recovering conditions can be verified, so that the problems such as missed carrying, carrying with wrong tools, carrying with excessive tools, and losing of the overhaul tools can be comprehensively solved, and as a result, the working efficiency and the working quality can be increased.