Implementing/Developing Technology solutions to improve quality of villagers life (By Setting up Mini Banks in village level-AEPS)

Banks are closely linked with our everyday lives and activities. Drawing salaries, paying bills, buying homes, building up savings, and taking out loans all involve transactions with banks. Businesses also rely on the banking system for the settlement of their transactions and meeting other financial needs.

Problem

Cattle farming is a major income source for many villagers in chamarajanagara their lifestyle is different from normal people, those who do cattle farming & sell their cow's milk to dairy called milkers' daily schedule is very tight

milkers schedule will be like this :

early morning milking and cleaning the cattle sheds
then after tiffin cows to be carried out near forest or greeny areas to feed their cattle's from morning 8 am to 4pm they spend time with their cattle's in forest or outside the villages
around 4pm returning from forest
milking once again in the evening

Now the problem is not their busy schedule but the problem is payment method

previously they get paid in the collection centers i.e dairies but now they are not paying in cash

money is deposited to the milker account in every 10 days

if its in case of IT workers or any other workers its OK

but

in case of milker or cowherd its an serious issue many milkers don't know to use ATM debit cards and visiting a bank to withdraw money is very difficult because visiting a bank outside the village radius means it consumes most of the time used to feed the cattle

cattles needs special care leaving cattles for withdrawing money is a challenging task

these all are the issues faced by my father also he is also cattle farmer

He discussed all these things with me when i was in second year of engineering

so as a part time work i chose to give solution to them by providing AEPS services in my village

In beginning i registered as

BFIL Business correspondent in 2019
Became spice money Business correspondent
Became pay nearby Business correspondent

Retailer BCA Certificate

Spice money and pay nearby both provide banking and financial services which offers Aadhaar pay and AEPS

AEPS is Aadhaar Enabled Payment System with the help of AEPS anyone with Aadhaar linked bank account can withdraw or take mini statement by fingerprint authentication.

with AEPS customer can withdraw his money whenever he wants by approaching my service center

AEPS is more suited for cattles farmers more than conventional banking withdrawals because of the following reasons

No banking timings - customers can withdraw money even before 9am and even after 4pm there's no time limit to avail of the service
No banking Holidays
No paperwork
No transportation charge
No waiting in a queue at the cash counter
Customers can visit in their free time

I am implemented and still now providing these AEPS+BBPS services in my village by the name M K enterprises from 2019

then I trained my mother to do all these transactions when I am in college (you can see the pamphlet )

Pamphlet

Now I am planning to expand this type of service in many villages of chamarajanagara

Recently I reached out to bedarapura to spread awareness about AEPS services and trained a local shop owner to do the transactions

guided in the registration process, the shop owner was happy to discover the new way of serving their people and earning an extra income at the same time

then my confidence doubled seeing him happy

now my goal is to expand this work all over chamarjanagar district wherever the people have problems with banking services

this benefits in two ways

Improves quality of life by saving time for a cattle farmer. With that saved time he can enjoy his life and take care of his cattle in other words it helps rural people
creates employment for unemployed graduates who are willing to work by setting up mini bank in every village