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Sabari Vortex Social Innovation

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Sabari Vortex Social Innovation

Sabari Vortex Social Innovation


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Transcript

  • 1. The Challenge
      • Rural people with bank a/c 20%
      • Rural households with bank a/c 40%
      • Rural h/h with formal credit 20%
      • Rural ‘Informal’ borrowing USD 80 bn
    • There is a large market for banks to reach out to!
  • 2. What banks need
    • At least1-ATM /1,000 people
      • US, Europe, Japan have this density
      • India requires over 1 million ATMs
      • Existing installations: under 5% of this
  • 3. Why does an ATM have to cost 8 lakhs?
    • This was the question that started it all…
    • circa 2004
  • 4. Gramateller
    • Helping banks reach out to the unbanked
    • Capex: less than ½
    • Opex: up to 1/10 th
    • Power: 1/15 th of conventional installation
    • Solar powered at 24ps / Tx
    • Can dispense soiled notes
    • Works without A/C – 0 to 50 deg ambient
    • Standard Features
    • Biometric (fingerprint) authentication
    • Built-in 4-hr battery back-up
  • 5. Successfully pioneered for NREGA payments
  • 6. Future Potential of the Technology
    • Bring about an ATM revolution on lines of telecom revolution
    • At least one ATM per village
    • Greater financial inclusion
    • Seamless integration with banking,
    • Growth potential:
      • Current installation less than 45,000 ATMs for the whole of India
      • These are mostly limited to metro and urban areas
      • The total requirement of 1 million has to come primarily from rural