Aadhaar to assume social security status in India
Author: huifan Time: 2017-08-21
According to an article published in the Financial Express, the Indian government is working towards assigning Aadhaar status similar to Social Security in the United States.
Aadhaar is the 12-digit unique identification number issued by the Indian government to every individual resident of India. The Aadhaar project aims to provide a single, unique identifier which captures all the demographic and biometric details of every Indian resident. Currently, over 1.1 billion citizens have biometric IDs across India under the scheme. This translates to approximately 99 percent of adults in India having an Aadhaar ID.
Earlier this month, India’s national government introduced amendments to the Finance Bill to make Aadhaar mandatory for permanent account number (PAN) applications.