Guys! Did you know that India has the largest biometric ID system in the world. This biometric ID system is called the Aadhaar. In this article you will know about this unique biometric id system which is issued to 131 crore people.
What is Aadhaar ?
Aadhaar is a 12-digit unique identity number that can be obtained by the citizens of India and resident foreign nationals. To obtain it, the citizens of India and resident foreign nationals who have spent over 182 days in twelve months immediately preceding the date of application for enrolment, based on their biometric and demographic data.
According to World Bank Chief Economist Paul Romer Aadhaar is the “the most sophisticated ID programme in the world”.
Impact of Aadhaar for Common Man
Aadhaar is one such tool which can cause a positive influence on the lives of people both in the long term as well as the short term. It is a reliable biometric identity proof as it contains your biometric details along with your demographic data.
Opening a bank account
Aadhaar is an important document in opening a bank account. It allows a person to open the bank account instantly. They can do KYC easily and start operating their accounts instantly. Many banks allow for door-step account opening thus saving people from a lot of paperwork.
Helps in Paperworks
It also helps in filling many online applications like PAN, Passport etc. You can file income tax returns quite easily with the help of Aadhaar. It helps in reducing the documentation and thus making it extremely convenient for the user.
Aadhaar helps in claiming the government subsidies. You have to link your Aadhaar number with government schemes to claim subsidies. Your bank account should also be linked with Aadhaar to avail the subsidy. The subsidy amount is delivered directly in the account of the beneficiary. The time required for this disbursal has also reduced significantly giving more relief to the common man.
Impact of Aadhar for Government
Not only the common man, but also the government has benefited a lot from Aadhaar. It has saved a lot of money that in turn is being used for the betterment of the country. It has also helped a lot in making the delivery system more efficient.
Tracking Benami Property
In the latest Benami Transactions (Prohibition) Amended Act, 2016, the government has made rules regarding real estate properties. As per the act, people will have to mention their Aadhaar in property documents. It will help in tracking down the benami properties.
Effective Subsidy Disbursal Mechanism
Linking various subsidies with Aadhaar has allowed the government to disburse subsidies in an effective and targeted manner. The government now transfers the subsidy amount directly into the account of the beneficiary. This not only helps in disbursing the subsidy quickly but also helps in eliminating the involvement of middlemen and plug the hole through which huge chunk of the subsidy amount was weeded out from the system in the form of black money.
Removing Ghost Accounts and Individuals
Aadhaar has also helped the government in removing a huge number of ghost accounts from the system that were opened only to avail the benefits of subsidies provided by the government in a dubious manner. It also helped in eliminating ghost individuals that were registered to dupe the government illegally. With the help of Aadhaar, the government has been successful in weeding out these accounts and individuals to save billions which were otherwise leaked in the form of various subsidies.
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