E-KYC: The cost of Aadhaar verification has been reduced from Rs 20 to Rs 3. Please explain the advantages of this.
The Unique Identification Authority of India (UIDAI) has reduced the fee for Aadhaar verification from Rs 20 to Rs 3. UIDAI Chief Executive Officer (CEO) Saurabh Garg announced this at an event, saying that there is enormous potential in the financial technology sector to leverage Aadhaar.
The verification fee has been reduced from Rs 20 to Rs 3.
‘We have reduced the rate per verification from Rs 20 to Rs 3,’ said Saurabh Garg. Its goal is to ensure that various agencies and institutions can make better use of the government’s digital infrastructure. It is necessary to make use of this infrastructure in order to make people’s lives easier and more dignified.
99 million people made use of
Until now, the Aadhaar system has been used for 99 crore e-KYC transactions (Know Your Customer). UIDAI does not share biometric information with anyone and expects all of its partners to maintain the same level of security and privacy that the authority does.
In reality, no money is required to obtain a new Aadhar card. However, there will be a fee for updating the Aadhaar, such as name, address, date of birth, e-mail, and so on. There will be a fee of 50 rupees for demographic updates and 100 rupees for biometric updates (with or without demographic updates).
In the country, Aadhaar is a required document.
In the country, Aadhaar is a required document. All of the schemes have been linked to the Aadhaar by the central government. Approximately 311 central schemes from 54 ministries are covered by the Aadhaar-based Direct Benefit Transfer (DBT) platform.
The government’s schemes for farmers, such as the PM-Kisan Nidhi Yojana, are based on the Aadhaar platform, and about 10 crore farmers have transferred 2000 rupees every four months. Aadhaar Verification denotes the use of an Aadhaar number to correctly identify a scheme’s beneficiary.