The Indian Banks’ Association (IBA) has organised a meeting of the chairmen of some banks with the telecom companies to discuss issues for leveraging the unique identity (UID) project for the financial inclusion programme of the banks and in the process to interface with two technologies.
Nandan Nilekani, chairman, Unique Identity Authority of India.(UIDAI), will also participate in the meeting.
UIDAI is one of the ambitious projects launched by the government to provide unique identification number based on biometric to every citizen of the country. The government has already formed an empowered group of ministers, headed by Prime Minister to move the project on a fast track. The Reserve Bank of India (RBI) and the IBA are closely involved in achieving financial inclusion through UIDAI. Towards this, IBA is working on combining the UID project with that of the financial inclusion project of the banks and through this process, both banks and UID would get benefited mutually.
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