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Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Indian Ministry of Micro, Small and Medium Enterprises beginning in September 2015. [2] [3] It is also known as Aadhaar for business. [4] As of July 2018, more than 4.8 million (48 lakh) MSMEs [1] in India are registered under Udyog Aadhaar. [5]
The number of users saw a large jump of 753,000 new users in April when the central government urged municipal bodies to use DigiLocker to make their administration paperless. [9] From 2017, the facility was extended to allow students of the ICSE board to store their class X and XII certificates in DigiLocker and share them as required. [10]
The individual keeps their national ID card number for life, and in recent years it has been linked to the birth certificate number of newborn infants (it is the same number). The national ID card must be surrendered to the government upon the demise of the individual, at which time it will be exchanged for an official death certificate.
Using the system, funds could be transferred to any Aadhaar-linked bank account if the Aadhaar number was known. It was announced that an SMS could be used for amounts up to ₹ 5,000 (US$58) and for amounts over that a mobile bank app could be used. By this time around 440 million Aadhaar numbers had been issued. [79]
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Aadhaar eSign is an online electronic signature service in India to facilitate an Aadhaar holder to digitally sign a document. [1] The signature service is facilitated by authenticating the Aadhaar holder via the Aadhaar-based e-KYC (electronic Know Your Customer) service.
This initiative by the IT Department aimed to create, manage, and maintain the PAN database as well as consolidate PAN and Tax Deduction and Collection Account Number (TAN) services. [33] In the same year, PayNearby entered into a partnership with Protean to develop a credit marketplace for borrowers, including small business owners, under the ...
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