New Delhi, Dec 1: All our card transactions might soon be replaced with the 12-digit Aadhaar number as the Government is preparing to strengthen the drive to make India a cashless economy. The digital drive, which is part of an all round approach towards enabling digital payments, is planned with the help of National Institution for Transforming India (NITI) Aayog.
According to a report in The Economic Times, Ajay Pandey, the director-general of the Unique Identification Authority of India (UIDAI) which is responsible for issuing Aadhaar card to the citizens, reportedly said that the drive will require a strategy that is multi-pronged. According to him, the adhaar card transactions will not even require cards or pins, instead it will require the Aadhar number and fingerprints or iris verification.
Reportedly, the government has already started working on the various aspects to make this project a success. According to NITI Aayog CEO Amitabh Kant as quoted by The Economic Times, they are in talks with mobile manufacturers to look into the feasibility of introducing inbuilt iris or thumb identification in mobile phones made in India.
As per the The Economic Times report, Kant also said that the government is creating a system to demotivate cash transactions by making cash transactions more expensive and people are encouraged enough to transact digitally. In this light, the government is soon expected to come out with a clearly defined policy to realise this.
Following the demonetisation drive, which scrapped notes of high denomination, the Government declared that apart from a strike on black money, the drive is also an initiative to encourage cashless transaction. In that light, this announcement seems quite strategic.
According to IT secretary Aruna Sundarajan as per The Economic Times , the ministry has kept aside an amount of Rs. 100 crore to incentivise merchants’ enrollment onto the digital platform. This enrollment, she said in the same report, would be done through over two lakh common service centres across India. She further added that a major outreach communication campaign emphasising the need of using other mode of digital payment will be initiated from December 5.