Aadhaar helped India save over Rs 90,000 crore: UIDAI chief

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India has so far saved over Rs 90,000 crore with the use of Aadhaar, UIDAI chairman J Satyanarayana said on Wednesday.



On an average, around three crore people are using Aadhaar every day and it is primarily used for ration, pension, rural employment and scholarships, he said in his address at an international conference on digital identity, with special focus on Aadhaar.

The government has made it mandatory for financial institutions, including banks, to verify and link Aadhaar of their customers with their accounts. According to a notification dated June 1, 2017, the deadline for doing was set as December 31, 2017 (as of now), and accounts where this is not done are to be made inoperable after this date till the details are updated. However, on October 25, 2017, the government gave a breather to those who still don’t have the 12-digit biometric number- the deadline for them has been extended by three months to March 31, 2018.



The three-day conference, being organised by the Indian School of Business (ISB), began on Wednesday.

Satyanarayana, in his keynote address, said that more than Rs 90,000 crore are estimated as reported savings or gains by the departments of petroleum and natural gas, food and public distribution, rural development and others.

Emphasising that the governance system has constantly been changing with the growth of technology and that the country was moving towards a scenario of “invisible governance”, he underlined the need for research in some areas.



“We will need further research in creating more efficient biometric identification systems; security of Aadhaar eco-system; improvement in processes of enrolment, updating, and authentication; operation in areas with challenged networks and use of artificial intelligence and machine learning for fraud detection and prevention.”

The objective of the conference is to showcase the research work done by the Digital Identity Research Initiative (DIRI)at the ISB. DIRI’s research especially focuses on Aadhaar and explores the pros and cons of the ecosystem.

Ashwini Chhatre, executive director, DIRI, set the context for the international conference, in which around 150 researchers on digital identity from India and abroad are participating.



 

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