Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

DBT via JAM trinity saved subsidies worth $10 billion: PM Narendra Modi

Narendra Modi

AadhaarDirect Benefit Transfer (DBT) through Jan Dhan Accounts, Mobile numbers, and Aadhaar has helped the government in saving subsidy worth Rs $10 billion, claimed Prime Minister Narendra Modi.

While addressing a conference in New Delhi, technology has helped in breaking barriers and ensure the efficient service delivery, good governance and improved access to education and health services.

Advertisementgreylabs

Addressing the Global Conference on Cyber Space here, he said technology breaks barriers and has led to efficient service delivery, governance and improved access to education and health.

Emphasising on Government’s goal of ensuring holistic empowerment, he said,“The government is committed to empowerment through digital access.”

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

Technology in association with Jan Dhan Accounts promoted under Pradhan Mantri Jan Dhan Yojna and biometric identification via Aadhaar together called as JAM trinity has helped the government in saving $ 10 billion in subsidies by plugging leakages, the Prime Minister added.

AdvertisementInfoComm India 2026

“India is keen to find innovative and scalable solutions in education and healthcare using digital technology,” said Modi.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

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 Banking & Finance 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.

Our Coverage of Aadhaar

How Aadhaar is Revolutionizing Digital Identity and Financial Services in India

In a digital-first era, India has managed to build one of the most robust digital identity frameworks in… Read more →

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

Now furnishing the Permanent Account Number (PAN) or biometric Aadhaar is mandatory for cash deposits or withdrawals above… Read more →

Cashfree Payments launches Aadhaar verification, automates customer KYC for businesses

Payments and API banking solutions company, Cashfree Payments today announced that it has launched Aadhaar Verification as a part of… Read more →

NBFCs can now apply for Aadhaar-e-KYC licence: RBI

In its efforts to promote digital usage across financial institutions, the Reserve Bank of India (RBI) has given… Read more →

Cabinet gives nod to Aadhaar and Other Laws (Amendment) Bill 2019

In a bid to make Aadhaar more user-friendly, the Union Cabinet today approved the Aadhaar and Other Laws… Read more →

Banks can use Aadhaar number for KYC: RBI

The Reserve Bank of India (RBI) has announced that banks can now use the Aadhaar number as part of a… Read more →