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Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer.
The signature service is facilitated by authenticating the Aadhaar holder via the Aadhaar-based e-KYC (electronic Know Your Customer) service. [2] To eSign a document, one has to have an Aadhaar card and a mobile number registered with Aadhaar. With these two things, an Indian citizen can sign a document remotely without being physically present.
eKYC (electronic know your customer) [48] is an online, paperless Aadhaar card-based process for fulfilling KYC requirements to start investing in mutual funds without the submission of any documents. Axis Bank partnered with Visa Inc. to launch the 'eKYC' facility, and was the first organization in India to introduce biometrics-based KYC. [49]
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The National Education Mission (Samagra Shiksha Abhiyan) is an overarching programme for the school education sector extending from pre-school to class 12, launched in 2018. It was allocated a budget of ₹ 385.72 billion (US$4.6 billion) in the 2019 Interim Union Budget of India .
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