UDAI CEO Dr Saurabh Garg has indicated UIDAI’s interest in partnering with players in the private sector. “Although the issues of privacy and consent remain paramount, we look forward to partnering with various private sector players for Digital India,” Garg said at a fireside chat with Rajiv Aggarwal, Director and Head of Public Policy, India, META, at the Global Fintech Fest 2022.
Commenting on the scale of Aadhaar, Garg said, “After a decade since we started, 1.34 billion people in India have Aadhaar cards. We’re at a stage where 100% adult residents in the country have Aadhaar unless they belong to the remote pockets.”
While mentioning schemes like PM Kisan Yojana and PAHAL which are Aadhaar-linked, he said that there are 1,000 programs of the governments – 650 of the state governments and 300 of the central government which run on Aadhaar. Removal of ghost beneficiaries, mitigation of leakage of funds and authentication are some of the benefits that Aadhaar offers.
When asked how Aadhaar was being leveraged for more effective delivery of financial services, Garg said, “We have about eight crore authentications a day with nearly 40% of them for Aadhaar-enabled payment systems. So, the banking sector has leveraged the ecosystem. Going forward, we are working with regulators like the RBI to expand our reach to the fintech and NBFC sectors.”