GOVERNMENT
Unlocking Potential, Transforming Lives
We empower street vendors with financial services and economic opportunities through innovative tech, strategic partnerships, streamlined, and transparent processes.
10.68 MEligible Applications | Rs 8.79MTotal Sanction |
8.41MTotal Disbursement | 2.96MLoans Repaid |
Business Challenge
The challenge lay in establishing a seamless digital platform that caters to the diverse needs of street vendors, lenders, and government entities. Integrating Aadhaar EKYC for digital KYC, performing credit assessments via credit bureaus, and ensuring scalability were key challenges. Additionally, creating transparency through BI dashboards and managing a distributed architecture added complexity.
Key User Needs
Access to Working Capital
Street vendors require easy access to working capital loans to sustain and grow their businesses.
Incentivized Repayment
Incentives for regular repayment encourage financial discipline and borrower accountability.
Digital Transaction Facilitation
Street vendors seek streamlined processes for digital transactions, enhancing efficiency and transparency.
Tech stack
.NET MVC CSS Html
The Outcome
Financial Inclusion
Facilitated the formalization of street vendors, providing them with opportunities to move up the economic ladder.
Transparent Governance
BI dashboards enhanced transparency and governance, ensuring accountability and informed decision-making.
Scalable Infrastructure
Deployed a distributed architecture to ensure scalability and availability, meeting increasing demand.
Digital Transformation
Digitized processes and incentivized digital transactions, driving efficiency and transparency in the street vendor sector.
