MANU/SJEM/0005/2017

Ministry : Ministry of Social Justice and Empowerment

Department/Board : Social Justice and Empowerment

Notification No. : SO683(E)

Date of Notification : 01.03.2017

Date of Publication : 01.03.2017

Subject: Human Rights

Mandatory requirement of AADHAR for individuals availing facilities under specified schemes through Banks or Financial Institutions

S.O.683(E).--Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly to them in a convenient and seamless manner and Aadhaar obviates the need for producing multiple documents to prove one's identity;

And whereas, Ministry of Social Justice and Empowerment (hereinafter referred to as Ministry), Government of India is providing assistance in the form of subsidized loans, interest subsidy or guarantees (hereinafter referred to as benefits) for students and entrepreneurs (hereinafter referred to as beneficiaries) as per scheme guidelines under the following Central Sector Schemes (hereinafter referred to as Schemes):

i. Dr Ambedkar Scheme of Interest Subsidy on Educational Loans for Overseas Studies for OBC and EBC Students;

ii. Venture Capital Fund for Scheduled Caste Entrepreneurs;

iii. Credit Enhancement Guarantee Scheme for Young and Start-Up Entrepreneurs belonging to Scheduled Castes;

And whereas, the aforementioned Schemes are implemented through Banks or Financial Institutions acting as Ministry's nodal banks or agencies (hereinafter referred to as Implementing Agencies).

And whereas the aforesaid Schemes involves expenditure incurred from the Consolidated Fund of India;

Now, therefore, in pursuance of the provisions of section 7 of the Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) (herein after referred to the said Act), the Central Government hereby notifies the following, n........