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10 Cr Aadhaar cards linked to bank accounts: Planning Commission

The Planning Commission has revealed that 10 crore Aadhaar numbers have been linked to bank accounts of said card holders so far as a part of the government’s Digital India mission. According to the agency, this will help it identify genuine beneficiaries and send government welfare subsidies directly into their bank accounts. To link Aadhaar numbers to their bank accounts, citizens have to provide a copy of their Aadhaar card or e-Aadhaar to the bank branch where they hold an account. Once linked, it is used by the government to pay various subsidies like for LPG cylinders, MNREGA workers, PDS, scholarship and remittance etc. Citizens with linked accounts will be able to access these subsidies even after moving to another part of the country or on change of account to another bank. As of now, 333 banks are on board with the Aadhaar linking scheme. The report also mentions that citizens can check the status of their Aadhaar bank account link by dialling *99*99# on mobiles, which will cost the user Rs 1.50 per enquiry. The government also launched the ambitious Jan Dhan Yojana financial inclusion drive in August  and Business Standard reports that 8.76 crore bank accounts have been opened under the scheme. Banks have been tasked to cover all the households before the end of December and seek public feedback to ascertain and open accounts for the leftover households. Banks on their part seem to be dependent on the Aadhar-linked direct benefit transfers to make the financial inclusion drive viable…

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