The Nandan Nilekani-headed Unique Identification Authority of India (UIDAI) is set to replicate, at the national level, Jharkhand's success in disbursing money to people at their doorsteps. On Tuesday, the UIDAI launched its unique identification or Aadhaar-based platform to link public entitlements to Aadhaar-linked bank accounts. It would mean that governments would be able to directly deposit subsidies into the bank accounts of beneficiaries of schemes such as the Public Distribution System, old-age...
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Micro ATM launched by UIDAI for daily wagers with Aadhaar
-The Financial Express The Unique Identification Authority of India (UIADI) has launched a micro ATM device that would enable beneficiaries like MG-NREGA workers with Aadhaar to withdraw money near their doors through core banking system. "The beneficiary has to put his finger and Aadhaar number in to the micro ATM wireless device and get the money within 8 to 9 seconds from a business correspondent after verification about the beneficiary having that...
More »Parliamentary Standing Committee May Recommend Withdrawal Of UID Bill: Report by Nikhil Pahwa
A Parliamentary Standing Committee on Finance is set to recommend that the government withdraw the National Identification Authority of India Bill 2010, reports India Today, citing unnamed sources. The recommendation is to withdraw the bill and introduce another one, because members of the standing committee found the project directionless, and that the bill and the project are not acceptable in their present form, the report states. It doesn’t quite mention...
More »TN, AP switch to leaky cash payouts for NREGS by Sandip Das
Tamil Nadu has stopped using banks to pay workers employed under the National Rural Employment Guarantee Scheme (NREGS), turning the clock back on the programme that was expected to eliminate layers of middlemen in reaching money to the poor. Rural development ministry officials at the Centre confirmed the development, but termed it “a temporary setback”. However, Tamil Nadu is not alone. Andhra Pradesh too has asked some of its poorest...
More »Now, open bank a/c with other states’ identity proof by Sidhartha
The government has asked banks to accept identity proofs issued in other states as valid documents for opening no-frills bank accounts, in a move that will help millions of migrant workers, including domestic helps and drivers, access banking services. At a specially convened meeting to push the financial inclusion agenda, the finance ministry asked bankers to accept the identity proofs and use their branch network in other states to verify the...
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