AADHAAR CARD HOLDER EMERGENCY LOAN
Aadhaar Card Holders avail Loan Emergency Loan from any Bank?.
This comes just a few days after a historic legislation Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits, and Services) Act 2016 has been notified by the Government. Aadhaar coverage now is at 93 percent among people above the age of 18 (as per projected population figures of 2015). Every Person can have only one Aadhaar card, so its easy to trace a persons financial transactions and annual income. The Government of India may offer a Loan facility to Indian Citizen up to some limit. The Terms and conditions of the loan must include once a person avail a loan from the bank using this facility should repay the Loan amount with interest within the given period. If the person fails to repay the loan amount he may be blocked for future Loans using Aadhar card Emergency Loan.
The Bank may use the bio metrics to confirm the identity of the person.
I request the Central Government to start the facility of Aadhaar Card Emergency Loan at the Earliest.
The Bank may use the bio metrics to confirm the identity of the person.
I request the Central Government to start the facility of Aadhaar Card Emergency Loan at the Earliest.