Back to News

Aadhaar-Enabled Direct Benefit Transfer Helped Save Whopping Rs. 90,000 cr

July 18, 2018

Aadhaar-Enabled Direct Benefit Transfer Helped Save Whopping Rs. 90,000 cr

Chairman of Unique Identification Authority of India (UIDAI) J Satyanarayana said that Aadhaar helped identify bogus beneficiaries under various social welfare schemes. Although the investment on Aadhaar issuance was below Rs. 10,000 crores, the savings have been Rs. 90,012 crores so far, he said. 

Satyanarayana said that are currently 121 crore residents who have obtained Aadhaar and nearly 30 trillion e-transactions are processed every day using Aadhaar verification. He also said that Aadhaar data is completely safe and stored in 7,000 servers in Manesar and Bengaluru.

Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY

Consult a Career Advisor

Fill up the form to get in touch with us.

Recent Posts
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
March 29, 2019
Transaction Monitoring Market to Grow 200% by 2023, Says Report
March 29, 2019
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
March 29, 2019

Recommended for you ...

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary

March 29, 2019

Transaction Monitoring Market to Grow 200% by 2023, Says Report
Transaction Monitoring Market to Grow 200% by 2023, Says Report

March 29, 2019

90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years

March 29, 2019

Chat on WhatsApp