The Prime Minister, Dr Manmohan Singh, on Friday reviewed the progress towards financial inclusion by banks in India. Dr Singh was briefed on the efforts being made by banks to reach banking services through information and communication technology based models and banking intermediaries to 73,000 rural habitations having population of over 2000 as per the 2001 census by March 2012. The Prime Minister also reviewed the safety and security measures...
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Unique ID pilot project in a week
Nandan Nilekani-headed Unique Identification Authority of India’s (UIDAI) plan to pay rural job scheme wages by putting to use the unique ID number will have its pilot run in five blocks of Jharkhand within a week. At a meeting today chaired by chief secretary A.K. Singh and attended by UIDAI director-general Ram Sevak Sharma, around a dozen blocks were discussed. It was then decided to choose five of these blocks in...
More »Biometric cards for MGNREGA beneficiaries by Sanjay Ojha
Beneficiaries of schemes under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) will now get their wages without haing to go to the bank or post office and without seeking help from middlemen to complete the formalities. To ensure this, the state rural development department has sign an agreement with Union Bank which will provide biometric cards to the MGNREGA beneficiaries. The first lot of 5,000 biometric cards will be...
More »UID to bring banking to the poor by Karen Leigh
India’s plan to offer unique identity (UID) cards to all citizens will bring a range of banking services within reach of millions of poor who currently cannot even open a bank account, says a report released on Friday by the Unique Identification Authority of India (UIDAI), which is executing the project. Facilities such as microfinance are beyond the reach of many poor people in both towns and villages who do not...
More »Backward Bihar goes for the smartest cards by SA Aiyar
India has launched its first high-tech census. Citizens will be photographed and will give 10 fingerprints each. The resultant database will be used to issue identity cards, and later smart cards, to all. All Indians will welcome high-tech smart cards. Yet the technological lead has been taken not by the census commissioner but, astonishingly, by Bihar. This state has just completed a pilot project for smart cards in Patna district,...
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