UID to launch financial inclusion pilot project
An integral part of the UID mission, it will be launched in 12 blocks of Jharkhand’s Ranchi, Bokaro, Hazaribagh and Latehar districts
Published on 08/03/2010 - 09:33:43 AM
By Chandrabindu
Ranchi:
The Unique Identification Development Authority of India (UIDAI) will launch the pilot project of financial inclusion—an integral part of the unique identification mission—to benefit the workers of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Jharkhand.
UIDAI Director general RS Sharma, who was recently in Jharkhand to discuss the modalities for financial inclusion of MGNREGA workers with the state government officials, said that the pilot project would start in 12 blocks of Ranchi, Bokaro, Hazaribagh and Latehar districts.
Five banks, including the Bank of India, Union Bank of India, State Bank of India, Central Bank and the Axis bank, have evinced their interest in implementing the pilot project in Jharkhand. The project envisages payment of wages to MGNREGA workers at their doorsteps by using their biometric identity.
The banks will appoint banking correspondents in villages. They will be provided with a specially designed hand-held device to authenticate the biometric identify of the person and make the payment using the bank accounts of the recipients. “Once the project rolled out, workers need not visit the banks for financial transaction. It could be done at the villages only,” Assistant Director General of Jharkhand unit of the UIDAI Arvind Prasad said.
The architecture of financial inclusion for MGNREGA workers was almost ready for the field trial. “Modalities for implementation of the project related to financial inclusion have been discussed with Chief Secretary AK Singh and other officers. The project will be rolled out in the next couple of months,” Sharma said after his meeting with the state officials at Ranchi.
The state government, on the other hand, declared the Rural Development Department as the registrar of the Unique ID project. Under the new role, the department will coordinate with other agencies to be roped in for collection of biometric samples of each individual.
Officials of the State Rural Development Department said over 30 lakh MGNREGA workers across the state would benefit from the financial inclusion. This will also help curb the instances of irregularities in wage payments to a large extent.
An integral part of the UID mission, it will be launched in 12 blocks of Jharkhand’s Ranchi, Bokaro, Hazaribagh and Latehar districts
Published on 08/03/2010 - 09:33:43 AM
By Chandrabindu
Ranchi: The Unique Identification Development Authority of India (UIDAI) will launch the pilot project of financial inclusion—an integral part of the unique identification mission—to benefit the workers of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Jharkhand.
UIDAI Director general RS Sharma, who was recently in Jharkhand to discuss the modalities for financial inclusion of MGNREGA workers with the state government officials, said that the pilot project would start in 12 blocks of Ranchi, Bokaro, Hazaribagh and Latehar districts.
Five banks, including the Bank of India, Union Bank of India, State Bank of India, Central Bank and the Axis bank, have evinced their interest in implementing the pilot project in Jharkhand. The project envisages payment of wages to MGNREGA workers at their doorsteps by using their biometric identity.
The banks will appoint banking correspondents in villages. They will be provided with a specially designed hand-held device to authenticate the biometric identify of the person and make the payment using the bank accounts of the recipients. “Once the project rolled out, workers need not visit the banks for financial transaction. It could be done at the villages only,” Assistant Director General of Jharkhand unit of the UIDAI Arvind Prasad said.
The architecture of financial inclusion for MGNREGA workers was almost ready for the field trial. “Modalities for implementation of the project related to financial inclusion have been discussed with Chief Secretary AK Singh and other officers. The project will be rolled out in the next couple of months,” Sharma said after his meeting with the state officials at Ranchi.
The state government, on the other hand, declared the Rural Development Department as the registrar of the Unique ID project. Under the new role, the department will coordinate with other agencies to be roped in for collection of biometric samples of each individual.
Officials of the State Rural Development Department said over 30 lakh MGNREGA workers across the state would benefit from the financial inclusion. This will also help curb the instances of irregularities in wage payments to a large extent.