92% of India’s Adult Population has Aadhaar Cards
Around 92% of India’s adult population has acquired Aadhaar numbers that will ease availing benefits of schemes and welfare programs through their Aadhaar-linked bank accounts.
The Aadhaar significantly reduces the risk of duplicate identities. Impersonation can also be stopped/tackled. Biometric confirmation reduces time and costs.
Banks now prefer the Aadhaar for better verification of identities and to assess the financial status of loan seekers.
The challenge is now to have the Aadhaar penetrate into rural sectors and the younger sections of the Indian population.