Trident Group first corporate in country to disburse salary through Aadhaar

Montek Singh Ahluwalia says the initiative would become role model for other corporate players

Ludhiana (Punjab) based Trident Group, a leading manufacturer of Terry Towels, Paper, Yarn and Chemicals with a strong presence in Punjab & Madhya Pradesh has now attained the distinction of being the first corporate in the country to disburse salary of its employees leveraging Aadhaar Payment Bridge (APB).

The soft launch of the project of the project was done today in New Delhi by Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, and Nandan Nilekani, Chairman, Unique Identification Authority of India(UIDAI). Rajinder Gupta, Chairman Trident Group was also present on the occasion.

Salary of employees of Trident Group has been transferred to their Aadhaar linked bank accounts leveraging Aadhaar Payment Bridge (APB). Speaking on the occasion, Deputy Chairman, Planning Commission, Montek Singh Ahluwalia complimented Trident Group and UIDAI for successful launch of Aadhaar Linked Disbursal of Salary of Trident employees.

Ahluwalia expressed optimism that this initiative by Trident group would become a role model for other corporate players to follow in coming days ahead.

Use of APB for transferring salary will provide transparent mechanism to check the outflow of cash benefit to the accounts of individual and enables re-conciliation of accounts and ensures that there is no duplication, falsification in transfer of salaries to identified employees.

Chairman Trident Group, Rajinder Gupta, informed that Trident has decided to link all their future recruitment with Aadhaar number for demographic verification.

“It is estimated that we shall employ more than 6000 persons in coming quarters. We shall facilitate to link more than 20000 families with Aadhaar number for disbursal of salary, bank transactions, LPG gas and other social benefits of Government in coming year.”