Aadhaar is a 12-digit unique identification number issued by the Indian government to every individual resident of India. The Unique Identification Authority of India (UDAI), which functions under the Planning Commission of India, is responsible for managing Aadhaar numbers and Aadhaar identification cards.
Tagged as world’s largest national identification project, Aadhaar is a 12- digit unique identity number issued to an Indian resident on the basis of their biometric and demographic data. The unique Aadhaar number has proved its utility in eliminating fake and duplicate identities which has reduced leakages in many of the Government schemes such as MGNREGS, PDS, etc.
True to its name, Aadhaar is going to become the basis of most of your business and official transactions. In addition to scores of other compulsory Aadhaar uses, the government may soon make it mandatory for buying shares and mutual funds too. The government is planning to link Aadhaar to financial market transactions to try and curb sharp practices such as conversion of black money into white through the stock market.
A resident Indian can apply for the Aadhaar number and card by submitting the existing proof of identity (passport, PAN card, driving license, etc.) and proof of address (phone/ power bill, bank statements, etc.) and by undergoing biometric profiling (fingerprints and iris scan) at any Aadhaar center.