8th March 2011,
TEXT: ET Bureau
How UID is evolving
India's largest social inclusion programme, riding on information technology, is now expected to stand against subsidy leakage and theft, the exclusion of of millions from the banking system and the rising 'poverty premium' that sets the poor back each day.
How UID is evolving
India's largest social inclusion programme, riding on information technology, is now expected to stand against subsidy leakage and theft, the exclusion of of millions from the banking system and the rising 'poverty premium' that sets the poor back each day.
600 million unique numbers over the next four years
Up to $20 billion of commercial opportunity for the IT industry
Up to $20 billion of commercial opportunity for the IT industry
Over 500 million adults excluded from the banking system for lack of identity. UID can help bring 125 million into the banking system in next 4 years.
UID has already floated a tender for opening 50 million bank accounts
UID has already floated a tender for opening 50 million bank accounts
Will provide subsidy accounts of keroseene and fertiliser to the eligible, with real-time tracking of allocated quota through text alerts
Will curb $110 billion worth of subsidy leakage over next five years
Nearly 58% of subsidised foodgrain does not reach the target group
The subsidy management system will be linked with UID number to ensure fair distribution
Will curb $110 billion worth of subsidy leakage over next five years
Nearly 58% of subsidised foodgrain does not reach the target group
The subsidy management system will be linked with UID number to ensure fair distribution