e-KYC, of beneficiaries on the National Portal for Credit Linked Government Schemes : Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020

(Department of Financial Services) 

NOTIFICATION

New Delhi, the 11th June, 2021

• (i) Verification  of  customers  or  beneficiaries  applying  for  credit  sanction  and  subsidy  for  the Government schemes hosted on under National Portal for Credit Linked Government Schemes.

• (ii) Verification and Pre- filling of the beneficiaries’ data for processing applications.

• (iii) Verification of data at time of Subsidy Processing.

• (iv) To check whether the customer or beneficiary has already availed the benefit under any scheme.

M/s Online PSB Loans Limited shall adhere to the guidelines laid down by the Central Government with respect to use of Aadhaar authentication, including the following:

• (i) The informed consent of the resident shall be obtained for the purpose of authentication in terms of Section 29 of the said Act. The purposes for which the Aadhaar number and related information is being sought shall be communicated clearly to the resident. Specifically, the manner in which the Aadhaar number will be collected, stored and used shall be clearly communicated to the residents.

• (ii) Provisions related to exception handling shall be implemented strictly in accordance with the said Act and its associated regulations.

• (iii) There shall be not denial of any service or benefit to resident on account of failure of Aadhaar based authentication.

• (iv) The resident shall be informed of alternate mechanism of identification or verification as the instant usage of Aadhaar Authentication is permitted purely on voluntary basis.

• (v) There shall not be display of Aadhar number anywhere in system and wherever required only last four digits of Aadhaar number shall be displayed.

• (vi) Aadhaar numbers shall be stored securely in Aadhaar Data Vault.

• (vii) Complete details of the e-KYC information of the resident shall not be displayed on the screen, instead only necessary demographic details such as first name, year of birth etc. shall be displayed.

• (viii) Biometric authentication of beneficiaries shall be performed only in assisted mode or controlled environment by the operator registered or verified by M/s Online PSB Loans Ltd.