A Groundbreaking Report Exploring Opportunities for Entrepreneurs in India’s Aadhaar ecosystem
A few years after the concept of Aadhaar, India’s unique identification (UID) program, was first discussed, the government appointed Nandan Nilekani as Chairman of the Unique Identification Authority of India (UIDAI) in 2009. Utilizing biometric data, the Aadhaar program is expected to serve as a primary resource for delivering welfare services more efficiently. In early September 2014, Prime Minister Narendra Modi set a goal of universal coverage of all Indians under Aadhaar by June 2015. Current estimates of coverage as of January 2015 are above 74 crore (740 million), with approximately 45 crore (450 million) still awaiting their Aadhaar ID. While the government actively pursues its ambitious target, the Aadhaar program is increasing access to direct benefits for Indian citizens as well creating potential market opportunities for startups serving the masses throughout India.
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Harnessing the power of Aadhaar has the potential to expand and improve the impact of such a program on peoples’ lives. The question is: what companies are able to utilize this new platform in innovative ways while creating real, positive impact for Indians? What are the viable market opportunities that arise with this technology? This report seeks to address such issues, as Unitus Ventures looks to invest in those startups utilizing Aadhaar to benefit the masses.
This report includes 5 articles on Aadhaar and its potential impact on the overall well-being of the Indian population: