Nilekani hopeful of meeting 60-crore Aadhaar target by 2014

Image
Press Trust of India Mumbai
Last Updated : Aug 19 2013 | 10:04 PM IST
UIDAI chairman Nandan Nilekani today expressed hope that the target of issuing 60 crore Aadhaar numbers would be met by 2014, saying that so far 40 crore people have already received them.
"More than 40 crore Aadhar numbers have already been issued till the end of July and we will meet the target of 60 crore Aadhar enrolments by 2014," Nilekani told reporters at the e-KYC on-boarding workshop held here.
Nilekani said currently the Unique Identification Authority of India (UIDAI) is issuing two crore Aadhaar numbers every month. Andhra Pradesh is the top performer with around 65 lakh Aadhaar numbers issued so far, followed by Maharashtra with over 62 lakh such numbers.
He said the e-KYC is the new offering from UIDAI which allows an Aadhar number-holder to authorise UIDAI to his personal details to any service provider to allow instant activation of services like bank account, mobile connection etc.
The Law and Finance Ministries have already recognised e-KYC as a valid document for all financial services under the Prevention of Money Laundering (PML) Act, he said, adding that the authority was working with other sector regulators for extending this to their sectors.
"The RBI, Sebi, Irda have all said Aadhaar is a KYC. So the only question now is that e-KYC be made valid too," he said.
"Now the regulators will look at this approval (by the finance and law ministries) and they would take appropriate action and we do hope it will be positive also," Nilekani added.
He said to make the e-KYC popular, the UIDAI has kept a provision of Rs 150 crore to procure 1-lakh units of the devices and distribute them to service providers, like banks etc.
The e-KYC makes the entire process paperless, instantaneous, secure, economical and non-reputable.
The UIDAI expects its e-KYC service to enhance customer convenience and greatly increase business efficiency across sectors that require proof of identity and address to open customer accounts.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 19 2013 | 10:04 PM IST

Next Story