The following is written by Brent Peterson MBA 2011 for his Applied Management Research Project:
December 16 2010
We met the man in charge of rural development. He told us how UID is enabling the government to quickly reduce the costs and time of delivering employment benefits in the rural areas. He showed us the current steps and how long each takes. It generally takes 8-10 steps to get a payment out to a person in a rural area and one to two months. UID enabled accounts will make it three steps and the goal is to bring it down to one week. That would be a huge difference since most rural people don’t have access to credit that allows them to eat if their payments are late. He said that the government hasn’t quantified everything in terms of money because some of the savings is in time and convenience and nobody has a good grasp on the monetary value of this time savings.
We got dominoes pizza again. Being in Ranchi though was educational, but I don’t think I plan on living there any time soon.
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