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Notification under Section 7 of the Aadhaar Act 2016

Notification under Section 7 of Aadhaar Act 2016 SSS

S.O. 1552(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 in a convenient and seamless manner and Aadhaar obviates the need for producing multiple documents to prove one’s identity;

And whereas, the Ministry of Finance, Department of Economic Affairs (hereinafter referred to as the Department) in the Government of India, is administering National Savings Schemes [encourage savings amongst the people through avenues for safe and convenient investment to small savers] (hereinafter referred to as the Scheme), which is being implemented through Department of Posts, Public Sector Banks and authorised private banks (hereinafter referred to as the Implementing Agencies);

And whereas, under the Schemes, attractive interest rates and safe investment (hereinafter referred to as the benefits) are given to the account holder or nominee or legal heirs (hereinafter referred to as the beneficiaries) as per extant Scheme guidelines;

And whereas, the benefits offered under the Schemes involves recurring expenditure or tax revenues foregone from the Consolidated Fund of India;

Now, therefore, in pursuance of section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) (hereinafter referred to as the said Act), the Central Government hereby notifies the following, namely:-


S.O. 1553(E).—Whereas, the use of Aadhaar as an 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 in a convenient and seamless manner by obviating the need to produce multiple documents to prove one’s identity;

And whereas, the Ministry of Finance, Department of Economic Affairs (hereinafter referred to as the Department) in Government of India, is administering National Savings Schemes [encourage savings amongst the people through avenues for safe and convenient investment to small savers] (hereinafter referred to as the Scheme), which is being implemented through Department of Posts, Public Sector Banks and authorised private banks (hereinafter referred to as the Implementing Agencies);

And whereas, under the Schemes, attractive interest rates and safe investment (hereinafter referred to as the benefits) are given to the account holder or nominee or legal heirs (hereinafter referred to as the beneficiaries) as per extant Scheme guidelines;

And whereas, the benefits offered under the Schemes involves recurring expenditure or tax revenues foregone from the Consolidated Fund of India;

Now, therefore, in pursuance of section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) (hereinafter referred to as the said Act), the Central Government hereby notifies the following, namely:-

Notification

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