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Aadhaar (Hindi: आधार, lit.'base, foundation') [ 7 ] is a twelve-digit unique identity number that can be obtained voluntarily by all residents of India, based on their biometrics and demographic data. [ 8 ] The data is collected by the Unique Identification Authority of India (UIDAI), a statutory authority established in January 2016 by ...
Direct Benefit Transfer[a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts. It is hoped that crediting subsidies into bank accounts will ...
Jan Dhan Yojana. Pradhan Mantri Jan-Dhan Yojana is India's National Mission for Financial Inclusion to ensure access to financial services, namely banking savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on ...
Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [1][2] It is used on mobile devices to instantly transfer ...
The purpose of the Madhya Pradesh Unconditional Cash Transfers Project (MPUCTP) is to test the potential for cash transfers to address vulnerabilities that low income Indians face. The unconditional cash transfer is a form of a universal basic income, as it provides a set allowance to all civilians in a village every month without any ...
The recent development of Aadhar UIDAI cards has taken up the challenge of solving the problem of identification and distribution of PDs services along with Direct Cash Transfers. [ 76 ] Regional allocation and coverage of FPS are unsatisfactory and the core objective of price stabilization of essential commodities has not met.
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