• Wednesday, May 29, 2024

Business

Aadhaar helped Indian govt save $9 billion: Nandan Nilekani

By: Eastern Eye Staff

The Modi government’s Aadhaar card scheme has helped the exchequer save about USD 9 billion by eliminating fraud in beneficiary lists, its architect Nandan Nilekani said on Thursday. “It has saved the government about USD 9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list,” Nilekani said at the event on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank. “We have about half a billion people who have connected their ID directly to a bank account. The government has…

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