The Resident Side of India Stack: Services and Benefits
The Resident Side of India Stack: Services and Benefits
The Resident side of India Stack is a set of digital infrastructure platforms that are designed to make it easier for Indian residents to access government services, financial services, and other essential services. It is a key component of the Indian government's Digital India initiative, which aims to transform India into a digitally empowered society and knowledge economy.
The Resident side of India Stack includes the following services and applications:
- Aadhaar: Aadhaar is a biometric identification system that provides every Indian with a unique digital identity. It is used to verify the identity of users for a variety of purposes, such as opening a bank account, applying for a loan, or voting in an election.
- Aadhaar Pay: Aadhaar Pay is a digital payments system that allows users to make payments using their Aadhaar number and fingerprint. It is a zero-cost service for merchants and users. It is also a secure payment system as it uses biometric authentication to verify the identity of the user. Aadhaar Pay is currently being used by over 1 million merchants across India.
- Aadhaar eKYC: Aadhaar eKYC is a service that allows businesses to verify the identity of their customers using their Aadhaar number and fingerprint. It is a quick and easy way to verify the identity of customers, and it helps to reduce fraud. Aadhaar eKYC is currently being used by banks, telecom companies, and other businesses across India.
- DigiLocker: DigiLocker is a cloud-based storage service that allows users to store their personal documents, such as driving licenses, passports, and PAN cards. DigiLocker is a secure and convenient way to store personal documents, and it is accessible from anywhere with an internet connection. DigiLocker is currently being used by over 10 million users across India.
- eSign: eSign is a digital signature service that allows users to sign documents electronically. It is a secure and convenient way to sign documents, and it is accepted by many government agencies and businesses. eSign is currently being used by over 5 million users across India.
- UPI: UPI is a real-time payment system that allows users to send and receive money instantly using their mobile phones. UPI is a secure and convenient way to send and receive money, and it is accepted by most banks in India. UPI is currently being used by over 250 million users across India.
The Resident side of India Stack has a number of benefits for Indian residents, including:
- Ease of access to government services: The Resident side of India Stack makes it easier for Indian residents to access government services, such as opening a bank account, applying for a loan, or voting in an election. This is because the services and applications on the Resident side of India Stack can be accessed using Aadhaar, which is a unique digital identity that is issued to every Indian resident.
- Reduced fraud: The Resident side of India Stack helps to reduce fraud by using biometric authentication to verify the identity of users. This makes it more difficult for criminals to steal personal information and commit fraud.
- Improved efficiency: The Resident side of India Stack can help to improve the efficiency of government services and businesses. This is because the services and applications on the Resident side of India Stack can be accessed online, which can save time and money.
- Increased financial inclusion: The Resident side of India Stack can help to increase financial inclusion by making it easier for people who do not have a bank account to access financial services. This is because the services and applications on the Resident side of India Stack, such as Aadhaar Pay, can be used to make payments without a bank account.
The Resident side of India Stack is still under development, but it has the potential to revolutionize the way that Indian residents interact with the government and the private sector. It has the potential to make India a more inclusive and efficient society.