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Aadhar card initiative a key event in developing India: President
President Pranab Mukherjee has said the Aadhar card initiative is a watershed event in development story of India. Commenting on the issue, President Pranab Mukherjee told the media, "I am happy today to be a part of the digital payment movement that India has embarked upon. I congratulate each one of you who has contributed in this mission to make India a less-cash society. This will help ensure financial inclusion where every Indian, irrespective of her socio-economic status, is empowered with necessary digital tools to participate in the new age economy."
“The nation remains primarily a cash-based economy with about 95 percent of the personal consumption and 86 percent of all transactions being in cash. It is necessary to reduce cash in circulation and impart greater urgency to promoting secure digital payment methods to ensure greater transparency,” he added.
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