Friday, December 14, 2012

AADHAR BASED PAYMENTS ARE A BIG STEP FORWARD

Unique identification number (UID) or the Aadhar based cash transfers will take effect from January 2013 in 51 districts of India. This initiative is ultimately going to be a game changer in the fighting corruption particularly the petty one. This corruption involves payments of  National Rural Employment Guarantee Act (NREGA) wages, scholarship and pensions to non existing individuals, leakages and pilferage of subsidized food articles, kerosene and LPG gas to non existing persons. Though petty in nature, the impact of this corruption on the economy is huge as the loss amounts to something like 25000 to 30000 crores of rupees. Similar amounts gets wasted as a result of wrong classification of poor, wrong allocation of NREGA work, maintaining musters, identifying beneficiaries for scholarships and pensions etc. India aims at covering 600 million people under Aadhar by 2015. for such payments and that will be a day of reckoning for no legal beneficiary will have to dole out cuts to any person.
Aadhar is the only viable solution to the malaise of black money and corruption . The day India is in a position to link all asset forms to an Aadhar card, a new prosperous and powerful India will start emerging.