You are here: Home » Economy & Policy » News
Business Standard

Aadhaar-based DBT savings over Rs 900 bn as on Mar 31, says UIDAI official

1.21 billion residents have so far enrolled for Aadhaar card and on an average over 30 million e-transactions are done using the identification system

Press Trust of India  |  Hyderabad 

Aadhaar's new security measures are good, it is still work in progress
1.21 billion residents have so far enrolled for Aadhaar card and on an average over 30 million e-transactions are done using the identification system

The estimated savings and gains since the inception of Aadhaar-based Direct Benefit Transfer (DBT) stood at over Rs 900 billion as on March 31 this year, a top official of said on Wednesday.

"We have not spent even Rs 100 billion on cards and related systems so far. But the savings are enormous. We were able to save Rs 900.12 billion as on March 31 this year by using in some of the schemes such as PDS.

"We were able to weed out bogus and duplicate beneficiaries by using Aadhaar,"J Satyanarayana, chairman of the Unique Identification Authority of India (UIDAI) said in a programme at India School of Business (ISB).

He said 1.21 billion residents have so far enrolled for card and on an average over 30 million e-transactions are done using the identification system.

Satyanarayana further said there is need to do research and effect improvements on the Aadhaar system in the areas of Artificial Intelligence, Machine Learning for fraud detection and improving the process of enrolment and security ecosystem.

He said is completely safe and secure and is kept in about 7,000 servers in Bengaluru and Manesar.

First Published: Wed, July 11 2018. 19:21 IST
RECOMMENDED FOR YOU