The Unique Identity Project in India is a flagship project as being highlighted by the Government of India and is being portrayed as a panacea for all ills that exist in the country. Although time can only tell about the efficiency and efficacy of the project, but the very launch of this exercise has made it the largest biometric based identity disbursing e-government project in the globe. This paper, tries to put the current UID project of India into a perspective to evaluate the set of issues and concerns, as pointed by various stakeholders and try to understand the degree of criticality of those arguments. In this light, the areas of concerns around the UID project in India are also being pointed out. Given the largest IT project in nay government globally, the topic is of immense significance besides being timely and the discussion can provide impetus to a series of research activities in the areas of public policy, Information Systems planning and execution as well as appreciating the risks that get associated with such large initiatives.