What are the Uses & Benefits of Aadhaar in India

Aadhar is a 12-digit unique identification number, issued by the Unique Identification Authority of India. The Aadhar card stores personal biometric and demographic information of every individual in the government database to serve as an identity and address proof anywhere in India. 

Uses and Benefits of Aadhar Card

An Aadhaar card serves as universal multiple cards for various government-related policies and programmes. Having an Aadhar card is mandatory in India, and it provides the following benefits to residents of India. 

1. Availing of subsidies: The most significant reason why you must hold an Aadhar card is that it is a gateway to access for availing subsidies for government schemes. As the government stores the individual's details in the Aadhar card, the beneficiary can avail the benefit of government schemes by showcasing the Aadhar card. Presently, the government has specified every individual to link their bank account with an Aadhar card so that they can receive subsidies such as an LPG subsidy and also the low-income groups can get the government provided ration by providing the Aadhar card.

2. Bank related services: An aadhar card is a versatile card which serves as a mandatory document for proof of identity, address proof as well as age proof. If any individual wishes to open a bank account, they have to provide their Aadhar card. Also, to avail any loan, be it a personal loan, gold loan or a home loan you have to submit the copy of Aadhar card to the bank. If you want to invest in mutual funds or any other investment scheme, you must have an Aadhar card.

3. Acquisition of passport: Thanks to the Aadhar card, you can apply for the passport online, and you don't have to stand in long queues for verification of your documents for getting a visa or passport. The Aadhar card serves as a solo card for identity and residence proof, thus expediting the processing of passport applications.

4. SEBI: To invest in the Security and Exchange Board of India, you must have an Aadhar card as it serves as an identity and address proof.

5. Filing Income Tax Returns: The government has made it mandatory to link the PAN and Aadhar card for filling the income tax returns. Thus, if your income falls under the taxable bracket, you must have an Aadhar card.

These are some of the government schemes for which you need an Aadhar card:

1. Jan Dhan Yojana: Prime Minister Jan Dhan Yojana was started by the government to provide access to financial services to every household. The government opened bank accounts in the name of every individual and to open these bank accounts an Aadhar card served as a mandatory document.

2. Jeevan Pramaan for Pensioners: An Aadhar card has made the life of pensioners much easier as to receive the pension they don't need to be physically present. Superannuation is not provided to them in their bank accounts through the Digital life certificate.

3. Public Provident Funds: If the PPF account and pension account is linked, they receive the PPF amount in their pension account through the Aadhar card.

4. LPG Subsidy: The aadhar card is an essential document if you want to get an LPG subsidy. The Aadhar number is linked to the 17 digit LPG ID and to receive LPG subsidy in their accounts, they must possess an Aadhar card.

Aadhar Card uses and benefits for the government and service agency:

The Aadhar card has tried to fill the duplicacy and inefficiency of providing the benefits of the government-related schemes to citizens. With the Aadhar card, it is expected that there will be substantial savings to the government exchequer as there will be the elimination of duplicates, and the benefit will reach to the targeted people. The government will thus improve its efficiency by curbing the leakages in the delivery system.

Thus, you must furnish all the correct information in the Aadhar Card, and if there is some change in demographic information such as a change in address, you must get it corrected. The process of updating information on an Aadhar card is easy, and you can check Aadhar card status online once you have requested for a correction in the Aadhar card.

About This Author

Bhavna Singhal Joined: August 2nd, 2018