Finance Minister Arun Jaitley today expressed the confidence that the Aadhaar project, being a great leap forward, would stand the test of constitutionality and benefit people in a better way. Jaitley also said that the number of dormant Jan Dhan accounts have come down to 20 percent from 77 percent in the past three years.
According to the Finance Minister, Aadhaar that was evolving during the UPA regime and was a draft law that mentioned about a UID number to be issued, but its usage was not specified and the Aadhaar legislation, passed during the BJP rule, will stand the test of constitutionality, using it for various government schemes giving benefits.
Addressing a United Nations conclave on Financial Inclusion here in the capital today, the Finance Minister said that over 30-crore families now have bank accounts since the inception of the Jan Dhan Yojana, while more of these zero balance accounts will be functional with expansion of the Direct Benefit Transfers.
Jaitley also stressed on the fact that, with financial inclusion the resources of the state in the form of subsidies will now be directed towards the target sections who are the actual ones in need and the resources not go waste.