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Aadhaar ID saving Indian govt about $1 billion per annum: World Bank

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World Bank has said that the Aadhaar initiative is estimated to be saving the government about $1 billion annually by subdue corruption. It said digital transformation can promote inclusion, efficiency and innovation.

“We estimate that this (Aadhaar digital ID) is saving approximately $1 billion (Rs 650 crores) a year by reducing corruption and leakage for the Indian government. It is a help in fiscal budgeting. It is a help in providing other useful services,” Said, World Bank Chief Economist Kaushik Basu. “India’s Aadhaar digital identification system has already reached close to one billion people enabling many of the poor to access services more easily and making it possible for government to deliver welfare services more easily,” he added. Read more

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