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Podcast: Moneylife News Bites
Episode: KYC Crisis: Financial Death instead of Financial Inclusion
Description: The JAM Trinity (Jan-Dhan, Aadhaar, Mobile) was supposed to bring financial inclusion to India’s underserved communities. But for millions, Aadhaar-based verification has become a barrier rather than a bridge. This video, based on Sucheta Dalal’s article, uncovers the real struggles faced by rural Indians whose bank accounts are frozen due to mismatches and errors in their Aadhaar-linked information. Watch as we delve into the systemic issues causing financial exclusion, and the urgent need for reform in India's KYC and Aadhaar systems. Hosted on Acast. See acast.com/privacy for more information.