Unique numbers will save duplication in financial transactions

UIDAI signs MOU with Jharkhand

PTI | June 26, 2010



Unique Identity Authority of India (UIDAI) and Jharkhand government signed a MoU today to provide unique numbers which would benefit among others beneficiaries of welfare schemes, helping them to ward off duplication in financial transactions.

The MoU was signed by UIDAI deputy director N K Sinha and state Information and Technology secretary A P Singh in the presence of UIDAI Director General R S Sharma and Jharkhand governor's adviser V S Dubey here.

"It is a part of financial inclusion (of the people) which will be inter-operatable and ensure no duplication. It will benefit financial transactions by giving them choice of banks across the country," Sharma said.

Finger prints and photo of the iris of the eye would be taken to establish one's identity, he said.

"A letter of UIDAI carrying number will be given," Sharma said.

Enrolment and distribution of the first set of numbers would start between August 2010 and February 2011, Sharma said adding Rs 19 crore has been earmarked till February next year for this task.

The process would benefit beneficiaries of welfare schemes like old-age pension and NREGA, enabling them to draw money from anywhere as several blocks in Jharkhand have no branches of any bank and would save them from traveling to distant places for collecting money.

 

Comments

 

Other News

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter