Opinion: How Aadhaar, India Post Can Transform India’s Finance

Tuesday, April 29, 2014

In a four-part broadcast series called ’Change India’, Network18 founder Raghav Bahl looked at ideas that appear simple but could be transformational in addressing problems that have dogged India for decades.

In an episode, he discussed the idea of setting up a new payments bank which could be a joint venture between Aadhaar and India Post. Aadhaar started off as a simple idea with boundless potential.

In 2009, the UPA government rolled out the Aadhaar scheme that was capable of not only providing an identity to 1.2 billion Indians but also link their unique identity number to a bank account.

Source: moneycontrol.com (link opens in a new window)

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banking, digital payments, governance, microfinance