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Submitted by Theo Onadeko on

Aadhaar in my opinion will improve Financial Inclusion in India.

A similar experiment is ongoing in Nigeria (projected to be the 3rd most populated country in 2050) with the National ID Mgt Commission. A biometric based ID will be issued and a National ID Number issued. The 11-digit number will be the basis for KYC in the financial sector.

Lenders will be more comfortable with clients who have verifiable ID and can thereby build credit history.