An identification number was the only way to make government spending on citizen welfare “more efficient” and ensure the benefits reach the “right people”.
Nandan Nilekani, former UIDAI chairman talks about how Indians are on the cusp of a similar transformation in banking and payments. He uses the example of IDFC bank as a private player who is leveraging Aadhar for secure financial transactions
Nandan Nilekani asks: "Why deny the Indian state the use of Aadhaar for efficient and effective subsidy-targeting and providing conveniences to its people, as long as the use of Aadhaar is voluntary?"