Saturday, Oct 25, 2014

‘Aadhaar to help govt save R60K cr’

ENS Economic Bureau | New Delhi | Posted: January 14, 2014 1:41 am

The Centre on Monday said that it would end up saving over Rs 60,000 crore annually by using Aadhaar-linked payment system for disbursal of all forms of subsidy.

“Various studies show that there are leakages to the tune of 20-40 per cent in distribution of subsidy. On a total subsidy outgo of about Rs 3 lakh crore, even if we are able to plug leakages to the tune of 20 per cent using Aadhaar, the savings of Rs 60,000 crore could be made,” Planning Commission deputy chairman Montek Singh Ahluwalia said.

He was speaking at a press meet organised to announce soft launch of Aadhaar-linked disbursal of salary to the employees of Trident Group — the first corporate to utilise the payment bridge.

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