BENEFITS TO GOVERNMENT ENTITY
Increased financial inclusion:
- Umang Card can be used to deliver financial service to individual who may not have access to traditional banking service. This will help promote financial inclusion and improve the overall welfare of the population
Increased efficiency and transparency:
- Umang Card can help improve the efficiency of government welfare programs by eliminating middlemen and reducing scope of fraud. The government can ensure the funds reach the intended beneficiary
Transaction scheduling:
- The Umang Card can be used to deliver financial services to individuals who may not have access to traditional banking services. This will help promote financial inclusion and improve the overall welfare of the population
Cost saving:
- Scheduling transactions helps in managing many transactions. An automatic process will run once the system is set for transaction
Targeted benefits:
- The Umang Card enables the government to target benefits more accurately to the intended beneficiary, based on the specific eligibility criteria. This can help in ensuring that the benefits are directed to those who need them the most
