Impact of Aadhaar on Indian economy

 

Issued by the UIDAI (Unique Identification Authority of India) the Aadhaar serves as a proof of Identity and address for any Indian citizen/resident living anywhere in India. The unique 12-digit number helps in establishing the identity of each individual living in the country. 

Aadhaar online KYC helps in establishing the identity of the individual. The agencies can verify the identity of the beneficiaries and customers while delivering the benefits/services to them as well as while onboarding new customers. Aadhaar eKYC online services help in preventing the misuse of the services and benefits provided to the individuals. By using Aadhaar as their proof of identity the beneficiaries get the benefits and subsidies directly in an effortless manner.

UIDAI Reduces charges for Aadhaar Online KYC and why it matters

 

The UIDAI (Unique Identification Authority of India) has recently cut down the charges for Aadhaar authentication. Based on a circular issued by the UIDAI the fee for each instance of Aadhaar based authentication has been reduced from Rs. 20 to Rs. 3.00.

Issued by the UIDAI the Aadhaar is one of the most important of all documents in establishing the identity of an Indian citizen or an Indian resident. Aadhaar authentication can be done in few minutes by making use of the Aadhaar eKYC online services. This is the most reliable and cost-effective solution when it comes to onboarding new clients/customers.