Aadhaar-Bank Account Linking Hits 100 Million

Aadhaar numbers that have been linked to bank accounts had touched 100 million, enabling these individuals to digitally receive subsidies and benefits under government schemes.

Unique Identification Authority of India (UIDAI) said establishing a link between an Aadhaar number and a bank account makes it easy for the government to identify genuine beneficiaries and route welfare payments and subsidies directly into their bank accounts.

As on December 9, the Aadhaar Payment Bridge saw transactions crossing the 7.94 crore-mark across government welfare programmes such as Direct Benefit Transfer for liquefied petroleum gas (LPG), Mahatma Gandhi National Rural Employment Guarantee (MNREGA) scheme, Tribal welfare schemes and Pensions, amounting to Rs 5,151.5 crore, it said.Issuance of Aadhaars crossed the 720 million-mark as on December 12.

The individuals can benefit from this system as it is portable across any bank in the country and the beneficiaries can access these subsidies even if they move to another part of the country, making the whole process hassle-free.

As many as 333 banks are live on Aadhaar platform. These are using Aadhaar Payment Bridge for financial transactions.

The Aadhaar identity platform is the largest biometric database in the world and serves users ranging from LPG consumers, MNREGA workers, public distribution system, remittance and scholarship beneficiaries, etc. - all using their Aadhaar number to avail benefits.