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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Q. Bhim-Aadhaar Platform: Discuss the importance of newly launched Bhim- Aadhar payment platform.
Apr 15, 2017 Related to : GS Paper-3

Ans :


On the eve of birth anniversary of Dr. Babasaheb Ambedkar, the Prime Minister of has launched the BHIM-Aadhaar platform, putting in place yet another keystone of a digital payment system that will help India make the shift to a less-cash economy. The BHIM-Aadhaar platform which is biometric-based indigenous payment solution will enable real-time bank-to-bank money transfers even for those without a phone and at no additional cost.  

Importance of Bhim-Aadhaar Platform- 

  • Newly launched Bhim-Aadhaar Platform works not only on smart phones, but also the platform can be used by basic mobile hand-sets and even it can be used through finger print authentication.
  • The new initiative has been seen as a game changer, as Aadhar has been linked o bank accounts, the payment solution would set a global trend and lead to other countries taking lessons from India.
  • The new platform has been seen as killer of debit and credit cards as it can work on thumb impression to make the payments at merchant’s payment terminal and the specified amount would be deducted from customer’s bank account.
  • Broad adoption of such digital payments would bring an expanding share of the informal economy to the formal sector, with obvious gains for tax and data collection.
  • The merchant and the consumer would be spared any charge for making the payment digitally. Using cash is expensive for the system, as the RBI has to print notes, lug them around in currency chests, replace them periodically with new notes, and destroy the replaced notes.
  • Similarly Banks have to transport money to different branches, stuff ATMs, spend money on guards, note counting machines, etc. Banks have to transport money to different branches, stuff ATMs, spend money on guards, note counting machines, etc. Shops and establishments have to pay for security.
  • Such system creates situation, where people opts to have banks accounts to get benefits of this platform, which in turn will promotes the basic objective of financial inclusion.


The newly launched Bhim- Aadhar payment platform is considered as game changer move from the central government as it has various benefits. It will reduce the tax evasion, promotes safe transactions and also helpful to realise the objective of financial inclusion. In this backdrop the recently launched Bhim-Aadhar platform will definitely transform the Indian economy into less cash economy.

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