banking, India, UID, welfare

India & UID: Connecting the ID and financial infrastructure

FinMin to study progress of financial inclusion, direct benefit transfer schemes (The Hindu)

The Finance Ministry has convened a meeting of the heads of state-owned banks on February 6 to take stock of their financial inclusion drive and readiness to roll out direct benefit transfer across the country.

In the run-up to the general elections, which is only a year away, the UPA Government apparently wants the financial inclusion and direct benefit transfer (DBT) initiatives to reach the bottom of the socio-economic pyramid.

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