With Technology for Growth and Inclusion – AR challenge, Grameen Foundation India is working on a project for business correspondent agents and rural customers to address their financial services learning needs. In the project we will be working with several business correspondent institutions and Banks covering approximately 2,50,000 customers.
We want to develop a mobile based application for delivering financial literacy to Business Correspondents and their customers using Augmented Reality and Machine Learning.
We have conceptualised a Technology for Growth and Inclusion Challenge where entities working in the Augmented Reality and Machine Learning space will design a mobile application for educating the rural customers and banking agents. The five shortlisted institutions will get prize money to work on the prototype and the selected institution will be awarded the contract to develop the final application for the project.
- Institutions working in the AR and ML domain.
- To encourage the start-ups to participate in the process we are looking for companies which are in the scale up phase.
- Institutions should have at least three years of mobile application development experience in the specified domain.
- Registration with DPIIT will be preferred
- Existing clients, preferably in the Financial Services Domain, other domains will also be considered
Interested agencies, institutions, as per the expectations and terms and condition mentioned in the Expression Of Interest, should send their detailed proposal i.e. a .pdf document along with a PowerPoint presentation showcasing the proposed application and its feature in English.
The proposed solution, understanding of the assignment, inclusion and explanation on the points mentioned in this proposal will contribute to the 60% and the budget will contribute to the rest 40% of the evaluation criteria.
To develop a Augmented Reality and Machine Learning based mobile application for delivering financial literacy to the rural customers and banking agents.
Grameen Foundation India is working on a project for business correspondent agents and rural customers to address their financial services learning needs. In the project we will be working with several business correspondent institutions and Banks covering approximately 2,50,000 customers. We want to develop a mobile based application for delivering financial literacy to Business Correspondents and their customers using Augmented Reality and Machine Learning.
We have observed through different empirical findings that educating moderately literate and rural customers through physical training sessions needs to change and move to a digital, self-operating and fun mode. And we believe that new-age technology like Augmented Reality has the potential to make learning engaging and fun.
With the above in mind, Grameen Foundation India has conceptualised a Technology for Growth and Inclusion Challenge where entities working in the Augmented Reality and Machine Learning domain will design a mobile application for delivering financial literacy to the rural customers and banking agents.
The five shortlisted institutions will get prize money to work on the prototype and the top one/two institution/s will be awarded the contract to develop the final application for the project.
Awards:- The selected institution/s will get access to work in the financial inclusion domain. Top five institutions selected by the distinguished jury members will get prize amount to develop the prototype and the final one will get a grand amount to develop the mobile application for the project. More freebies and support will be provided to develop the application.
Deadline:- 23-08-2021
