UID and Financial Inclusion – Solution or Not?

• by Krishna Thacker, Jitendra Balani and Sandeep Panikkal
• May 26, 2011
• 1 min
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This note shares some initial insights on UID and concludes that the combination of UID, mobile and bank account numbers could truly enhance financial inclusion.

The objective of this Note is to share some initial insights on UID with financial service providers and other stakeholders, to help them leverage this new development and support/catalyse financial inclusion in India. It analyses the potential benefits of UID for financial inclusion as well as its potential risks. The Note concludes that the combination of UID, mobile and bank account numbers could truly enhance financial inclusion.