UIDAI Director General R S Sharma said. “The beneficiary has to put his finger and Aadhaar number into the micro ATM wireless device and get the money within 8 to 9 seconds from a business correspondent after verification about the beneficiary having that much amount deposited in the bank account shown through a receipt by the device.”
Unlike the regular bank ATMs, the device does not store any money, so the beneficiary will get the withdrawn amount from the business correspondent on the spot. “The (about a foot-long) device functions through any SIM and wherever there is a mobile tower. The device will be with a bank-appointed business correspondent,” R S Sharma said.
The system will root out the role played by middlemen, as the beneficiaries will be able to approach the business correspondent of their choice. Besides the MG-NREGA workers, other beneficiaries under old-age pension, scholarship or any other welfare schemes could also benefit from the device.
The UIDAI Director General R S Sharma also stated that the Jharkhand Chief Minister Arjun Munda was keen to cover the entire state under the new system. Munda is reported to have told Sharma that he would like to link the state’s entire socials security funds through the new system.