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 into 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 much amount deposited in the bank account shown through a receipt by the device," UIADI Director General R S Sharma said.

With the device not carrying any money unlike the regular bank ATMs, the beneficiary would get the withdrawn amount from the business correspondent on the spot.

"The (about a foot-long) device functions through any SIM and wherever there is a mobile tower. The device will be with a bank-appointed business correspondent," he said.

The beneficiaries could choose their business correspondence to approach, he said adding the method would root out any role by middlemen.

Besides the MG-NREGA workers, other beneficiaries under old-age pension, scholarship or any other welfare schemes could also benefit from the device.

Praising Jharkhand Chief Minister Arjun Munda's keenness to cover the entire state under the new system, Sharma said Munda had told him that the state government would like to link all its socials security funds through the new system. .