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THE SIGNIFICANCE OF AADHAAR
CARD TO GET AN INSTANT LOAN
Till the last decade, a huge number of people in India had
no official ID of any kind. Being without an official ID card
led to many complications for the general public as well as
for the government.
What Is Aadhaar Card?
Aadhaar is a 12 digit unique identification number which is
issued by UIDAI (Unique Identification Authority of India) to
the citizens residing in India. An Aadhaar card is a universal
identity proof which has become a necessary document for
availing various services .Till present, more than 90% of
Indians have enrolled themselves with Aadhaar
The Objectives Of Launching Aadhaar
 Providing universal identity to every Indian citizen.
 To provide an all in one identity card which will work as an
identity proof, address proof and age proof.
 Eliminating the need of mediators while availing
government subsidies.
The Benefits Of Having An Aadhaar Card?
The benefits of Aadhaar card are many in number. An
Aadhaar card can meaningfully make your life
comparatively easier. The easy availability and the universal
acceptance of this identity proof has made most of the daily
life tasks handy.
Jan Dhan Yojana
 If you want to avail the benefits of Pradhan Mantri Jan
Dhan Yojana (PMJDY) then the Aadhaar card is considered
as the only document sufficient to open the bank account.
 Although you one can open PMJDY account by furnishing
other documents too.
Passport in 10 Days
 Having an Aadhaar card will make you get a passport in
just 10 days.
 Additionally, the rule of government says that an Aadhaar
card is compulsory for a passport.
Voter Card Linking
 The voter card linking with Aadhaar card has been
implemented in order to eliminate bogus voters.
 The illegal use of voter’s ID card can also be caught as while
casting vote.
Opening New Bank Account
 Opening a bank account has now become faster and easier
with the Aadhaar KYC verification.
 Unlike a few years back, one need to provide only one
document which is Aadhaar card.
 An Aadhaar card itself works as identity proof, age proof and
address proof.
Digital Life Certificate
 The Digital Life Certificate is just another name of The Jeevan
Praman for Pensioners.
 The Link of Aadhaar card with the mentioned certificate has
ensured that the pensioner doesn’t need to be physically
present for receiving the pension for the continuation of their
scheme.
The Importance Of Aadhaar Card in Availing a Loan
The time and effort which the bank officials had to put in order
to verify the documents of the loan applicant have been
reduced drastically after accepting Aadhaar card as a ID proof.
The Security Concerns with Aadhaar Card
As we are to link almost all our important documents such
as bank accounts, mobile phone, PAN card etc with Aadhaar,
it is a general concern that if the data leaks we can be
cheated or threatened by any third party.

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The significance of aadhaar card to get an instant loan

  • 1. THE SIGNIFICANCE OF AADHAAR CARD TO GET AN INSTANT LOAN
  • 2. Till the last decade, a huge number of people in India had no official ID of any kind. Being without an official ID card led to many complications for the general public as well as for the government.
  • 3. What Is Aadhaar Card? Aadhaar is a 12 digit unique identification number which is issued by UIDAI (Unique Identification Authority of India) to the citizens residing in India. An Aadhaar card is a universal identity proof which has become a necessary document for availing various services .Till present, more than 90% of Indians have enrolled themselves with Aadhaar
  • 4. The Objectives Of Launching Aadhaar  Providing universal identity to every Indian citizen.  To provide an all in one identity card which will work as an identity proof, address proof and age proof.  Eliminating the need of mediators while availing government subsidies.
  • 5. The Benefits Of Having An Aadhaar Card? The benefits of Aadhaar card are many in number. An Aadhaar card can meaningfully make your life comparatively easier. The easy availability and the universal acceptance of this identity proof has made most of the daily life tasks handy.
  • 6. Jan Dhan Yojana  If you want to avail the benefits of Pradhan Mantri Jan Dhan Yojana (PMJDY) then the Aadhaar card is considered as the only document sufficient to open the bank account.  Although you one can open PMJDY account by furnishing other documents too.
  • 7. Passport in 10 Days  Having an Aadhaar card will make you get a passport in just 10 days.  Additionally, the rule of government says that an Aadhaar card is compulsory for a passport.
  • 8. Voter Card Linking  The voter card linking with Aadhaar card has been implemented in order to eliminate bogus voters.  The illegal use of voter’s ID card can also be caught as while casting vote.
  • 9. Opening New Bank Account  Opening a bank account has now become faster and easier with the Aadhaar KYC verification.  Unlike a few years back, one need to provide only one document which is Aadhaar card.  An Aadhaar card itself works as identity proof, age proof and address proof.
  • 10. Digital Life Certificate  The Digital Life Certificate is just another name of The Jeevan Praman for Pensioners.  The Link of Aadhaar card with the mentioned certificate has ensured that the pensioner doesn’t need to be physically present for receiving the pension for the continuation of their scheme.
  • 11. The Importance Of Aadhaar Card in Availing a Loan The time and effort which the bank officials had to put in order to verify the documents of the loan applicant have been reduced drastically after accepting Aadhaar card as a ID proof.
  • 12. The Security Concerns with Aadhaar Card As we are to link almost all our important documents such as bank accounts, mobile phone, PAN card etc with Aadhaar, it is a general concern that if the data leaks we can be cheated or threatened by any third party.