The joint power of Jan Dhan, Aadhar and Mobile, also known as JAM, has helped the government save leakages worth Rs 36,000 in subsidies and benefits provided to the poor in the last one year, Union Minister Ravi Shankar Prasad said recently.
Explaining the entire process, Prasad said, “We linked their (Jan Dhan) account with their Aadhar, to their mobile and to the bank. By giving them all the pro-poor subsidies and benefits we have saved Rs 36,000 crore in the last one year because of application of digital technologies.”
Speaking on the government’s future vision, the Minister for Information and Technology (IT) said that India is “very soon” going to have 50 crore internet landline and wireless connections.
“To awaken the latent potential of Indians, we are going with a mass digital literacy programme of making 6 crore Indians digitally literate,” he said.
He pointed out that in a population of 125 crore, India today has over 103 crore mobile phones (users) and 107 crore Aadhar cards for verifiable digital identity.
Prasad, who also holds the charge of Law Minister, said the government is “not ignorant” of the need for cyber security initiatives to be strengthened further.
“We are also encouraging electronic manufacturing in a big way,” he said.
“When our government had came, we had only Rs 11,000 crore of investment. Now it has crossed Rs 1,26,000 crore. In the last one year, 40 new mobile manufacturing units have come up in India and 10 new units are making spare parts. We want to make India a big hub of electronics manufacturing,” Prasad said.
He further said that the government plans to connect 2,50,000 gram panchayats through a pan-India optical fibre network.
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/