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…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...