Aadhaar cards – May be back in circulation as a major data provider to the banks!!!!

Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday sought more clarity on the Supreme court ruling on the matter, saying its usage can help a deserving person get credit, avoid over borrowing by individuals and plug leakages.

"We need greater clarity on the matter, especially after the recent Supreme Court ruling which says having Aadhaar card is not mandatory for availing of benefits," Rajan said, stressing that the apex court is not intending to stand in the way of voluntary usage of the cards and further stated that "Given how far Nandan's UIDAI has taken us towards a universal unique ID for India, it would be sad if its use was restricted,"

The Government of India created the Unique Identification Authority of India (UIDAI) which used citizens' data for creating unique Aadhaar numbers. The Aadhaar numbers have now become central to a slew of government initiatives, including direct subsidy transfers and the financial inclusion plan.

 Later, The Apex Court held that Aadhaar card need not be a `MUST` to avail the Government Benefits and the ruling is being examined for more clarity.  The ruling came on a specific subject and might or can obtain more clarity in this regard from the Court and use the Asdhaar cards for all other purposes without making it mandatory.