CLOSE
  • Home
  • News
    • Regulators
      • RBI
      • SEBI
    • TechINFRA
      • Security
      • Surveillance
      • Networking
      • Data Centre
      • Cloud Services
    • Establishment
      • Banking ERP
      • Core Banking
      • Currency Conversion
      • m-Banking
    • Government Reforms
      • DBT
      • Aadhaar
      • GST
    • Payments
      • Payment Gateways
      • ATM
      • Point of Sale
      • Payment Wallets
      • Fintech Apps
    • Banks
      • Public Sector
      • Private Sector
      • Cooperative
    • Insurance
    • NBFCs
    • Startups
    • Year Ender
  • Magazine
    • Past Magazines
    • Magazine Subscription
    • Interviews
    • Articles
    • Editorial
    • Advertise with us
  • NBFCs
  • NBFCs’ Ranking
    • India’s Top 50 NBFCs’ Ranking 2018
    • India’s Top 50 NBFCs’ Ranking 2017
  • Library
    • Elets Tv
    • Slideshow
    • Conference Reports
    • Income Tax Calculator
  • Newsletter
    • Newsletters Archive
    • Subscribe
  • Conferences
  • Webinars
  • Careers
  • Blogs
    • Blog with us
  • Our Publications
    • eGovernance
    • Digitallearning
    • eHealth
    • SmartCity
    • CIO
  • Testimonials
  • Innovation Talk
  • About Us
  • Advertise With Us
  • Write For Us
  • Magazine Subscription
  • Conference Reports
  • Income Tax Calculator
  • Privacy Policy
  • Contact Us
  • Home
  • News
    • Regulators
      • RBI
      • SEBI
    • TechINFRA
      • Security
      • Surveillance
      • Networking
      • Data Centre
      • Cloud Services
    • Establishment
      • Banking ERP
      • Core Banking
      • Currency Conversion
      • m-Banking
    • Government Reforms
      • DBT
      • Aadhaar
      • GST
    • Payments
      • Payment Gateways
      • ATM
      • Point of Sale
      • Payment Wallets
      • Fintech Apps
    • Banks
      • Public Sector
      • Private Sector
      • Cooperative
    • Insurance
    • NBFCs
    • Startups
    • Year Ender
  • Magazine
    • Past Magazines
    • Magazine Subscription
    • Interviews
    • Articles
    • Editorial
    • Advertise with us
  • NBFCs
  • NBFCs’ Ranking
    • India’s Top 50 NBFCs’ Ranking 2018
    • India’s Top 50 NBFCs’ Ranking 2017
  • Library
    • Elets Tv
    • Slideshow
    • Conference Reports
    • Income Tax Calculator
  • Newsletter
    • Newsletters Archive
    • Subscribe
  • Conferences
  • Webinars
  • Careers
  • Blogs
    • Blog with us
  • Our Publications
    • eGovernance
    • Digitallearning
    • eHealth
    • SmartCity
    • CIO
  • Testimonials
  • Innovation Talk
Home Aadhaar Aadhaar now mandatory for pension, kerosene subsidy
  • Aadhaar
  • News

Aadhaar now mandatory for pension, kerosene subsidy

By Rashi Aditi Ghosh -
June 8, 2017
Share on Facebook
Share on Twitter
Share on Linkedin
Web
pan_aadhaar

Aadhaar card has now been made mandatory for getting government subsidy on purchase of kerosene and benefits of Atal Pension Yojana.

“Those availing kerosene subsidy or contributing for the pension scheme will now be required to furnish proof of possession of Aadhaar number or undergo the enrollment process to get the benefits,” officials working with UIDAI said.

In case of Kerosene subsidy, last date assigned for getting enrolled will be September 30. In addition to this, for the Atal Pension Yojana, the deadline for getting the Aadhaar is June 15.

However, prior to obtaining an Aadhaar card , ration card, driving licence, voter identity card, Kisan passbook with photo, job card issued under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and a certificate issued by a gazetted officer or a tehsildar will be considered as proof of identity for the benefits.

It has been also decided to sync Aadhaar number with the ration card issued to households availing the benefits or with the bank account for cash transfer benefit.

The Ministry of Oil and Natural Gas had introduced Direct Benefit Transfer (DBT) through which subsidy is transferred directly to the bank accounts of the beneficiaries, who purchase the PDS kerosene at non-subsidised rate.

The decision to make Aadhaar mandatory was taken to curb the menace of leakages of subsidies for these two schemes and ensure that the beneficiaries get their due.

For enabling this, the central government has invoked Section 7 of the Aadhaar Act, 2016, which mandates that when the government gives subsidy, benefit or service from the Consolidated Fund of India (CFI), an individual can be asked to undergo authentication or furnish proof of possession of Aadhaar.

The Centre allocates subsidised kerosene to the states and Union Territories as affordable cooking fuel for domestic use, mainly to those living below the poverty line.

Under the Atal Pension Yojana, which is available to all the citizens in the age group of 18-40 years, a subscriber would be receiving a minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month, depending upon his contribution, from the age of 60 years.

The same amount of pension would be paid to the spouse of the subscriber and on the demise of both the subscriber and the spouse, the accumulated pension wealth is returned to the nominee.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.

  • TAGS
  • Aadhaar
  • Atal Pension Yojana
  • bank account
  • Government of India
  • JAM Yojana
  • Ministry of Oil and Natural Gas
  • Ration card
SHARE
Facebook
Twitter
Share on Linkedin
Previous articleNPCI likely to ask banks not to levy fee on UPI based payments
Next articleDBT resulted in Rs 50,000 crore savings: Amit Shah
Rashi Aditi Ghosh

RELATED ARTICLESMORE FROM AUTHOR

PAN,Aadhaar

PAN or Aadhaar Now Mandatory for Cash Deposits or Withdrawals Above Rs 20 Lakh

Bilingual Blockchain Course

Gurukula Kangri unveils Bilingual Blockchain Course In Collaboration With WazirX

Liberty General Insurance

Liberty General Insurance, CSC e-Governance Services India partner to expand Rural Reach

HDFC Bank

HDFC Bank unveils micro-credit facility for PM SVANidhi scheme with Common Service Centres

HDFC Bank

HDFC Bank launches campaign to raise awareness on fraud prevention

HDFC Bank

HDFC Bank to double its rural reach in 2 years

Follow us on

 

Popular

NBFCs Ranking

India’s Top 50 NBFCs Ranking 2017

October 17, 2017
SBI

SBI Recruitment 2019: Apply for Specialist Officers

May 27, 2019
NBFC in India 2020

India’s Top 50 NBFCs’ Ranking 2020

July 17, 2020
Forbes

Forbes releases ‘The World’s Best Banks 2019’, ten Indian banks in...

March 6, 2019

Small Finance Banks: Transforming Banking in India

February 27, 2017
Airtel

Airtel partners HPCL for e-payments in Telangana, Andhra

October 17, 2017
Demonetisation

Demonetisation – A Defining Moment For India

March 4, 2017

Govt deactivates 11 lakh PAN: Find out how to check your...

August 8, 2017

Welcome to Elets Technomedia

Sign in into your account

For continuing, Please agree our Terms & Conditions and acknowledge our Privacy Policy. This same account can be used across all Elets News portals.

A bi-monthly magazine of The Banking & Finance Post, published by Elets Technomedia Pvt Ltd, prides itself in spotting and highlighting key trends in the BFSI sector.
Advertise with Us

Advertising with The Banking & Finance Post, a unique opportunity to reach a huge global audience in the BFSI domain, we assure to present your brand’s message in a bigger and more beautiful way than any other platform.

Get a quote

Contact Us
 
 
Elets Technomedia Pvt. Ltd.

Stellar IT Park, Office No. 7A/7B, 5th Floor, Tower – 2 Annexe Building, C-25, Sector – 62, Noida, Uttar Pradesh – 201309, India

Elets Upcoming Conferences

7th Elets BFSI CTO Summit, Mumbai

13th NBFC100 Tech Summit, New Delhi
Subscribe Magazine
 
 

Do you enjoy keeping up with business and finance industry? Subscribe to The Banking & Finance Post, Asia and the Middle East’s leading magazine capturing every update on the BFSI sector.

Subscribe Now

Latest Magazine
 
 

Buy Print Conference Report  Read Online

  • About Us
  • Advertise With Us
  • Write For Us
  • Magazine Subscription
  • Conference Reports
  • Income Tax Calculator
  • Privacy Policy
  • Contact Us
© 2022 All rights reserved | Elets Technomedia Pvt Ltd
Subscribe Newsletter
SUBSCRIBE TO OUR NEWSLETTER

    X
    SUBSCRIBE TO OUR NEWSLETTER