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UID - Aadhar

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UID - Aadhar

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    1. UID - Aadhaar Shreerang Chhatre and Ankit Jain MIT India Reading Group February 24th, 2011

    3. Timeline of the UID initiative

    4. Structure of the UID Authority of India

    5. Basic information about UID (Aadhaar)

    6. Information collected for UID

    7. Strategy for UID enrolment

    8. UID enrollment projections

    9. Focused efforts to enroll marginalized groups Urban poor Co-resident enrollment of migrant workers Micro-finance institutes and NGOs Women Micro-finance and self-help groups The National Commission for Women Children Integrated Child Development Scheme (Anganwadi) for children under 6 years. ICDS has >40,000 centers with 25 million children and 5 million expectant mothers Compulsory for school enrollment? Disabled people National Center for Promotion of Employment of Disabled People Tribals State governments in the tribal areas

    10. Risks involved in the UID project Adoption risk A critical mass is required for the participation of service providers Political risk Support from state and local governments is critical Enrollment risk Enough touch points in rural areas and enrolling 60,000 newborns every day Risk of scale Administration and storage of ~1B records Technology risk Authentication, de-duplication and data obsolescence Privacy and security risk Biometric data security Sustainability risk Maintaining the initial momentum over a longer term

    11. Pilot scale implementation of the UID project First UID issued in September 2010 in in the tribal village Tembhli, in Nandurbar, Maharashtra 650,000 people in Tumkur and Mysore districts in Karnataka have UIDs All 28 districts in Karnataka will start implementing by end of 2011 Launched in Kerala this morning

    13. Micro Banking in India

    14. Bank account penetration in India

    15. Challenges faced by banks in rural India Access to institutional finance remains constrained in rural India Lack of identity documentation is a bottleneck Inability of banks to do micropayments due to high transaction costs – Rs 10 per transaction 82,000 bank branches cater only to 5% villages The poor rarely consumes all of what he/she earns!

    16. Tipping Point for Financial Inclusion Policy Changes New entities can act as Business Correspondents (Kirana shops, petrol pumps..) UEBAs (UID Enabled Bank Accounts) No frills bank account, balance < INR 50K KYR serves for KYC Technology Infrastructure National Payments Corporation of India Payments, clearing and settlements – large volume at very low cost UID Authentication, traceability and accountability

    17. UID enabled banking - deposit

    18. UID enabled banking - withdrawl

    20. Pricing structure to incentivize the use of UID enabled micropayments

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