e360 digest


20 Apr 2012: Solar-Powered ATM Machines
Expand Banking Options in Rural India

For many villagers in rural areas of India, personal banking comes at a high cost. In addition to the expense of traveling to the nearest branch, often in distant cities, they must often forego a day’s work.

Click to enlarge
A Gramateller ATM machine in India

Vortex Engineering
A “Gramateller” ATM in a Tamil Nadu village.
Vortex Engineering, a start-up incubated at Chennai’s Indian Institute of Technology, has come up with a solution that not only saves rural Indians the day’s hassle but cuts down on energy use. Combining solar panels with innovative mechanical design requiring far less power, Vortex’s ATMs are capable of running on about 10 percent of the energy used by conventional machines. And because the low-power design produces very little heat of its own, the “Gramateller” — “gram” is Hindi for “village” — functions as well in the heat of a Rajasthani June as in the snowy winters of the hill station Nanital. To date, 450 Gramatellers have been installed, most in small towns between 30 and 60 kilometers from bank headquarters. Vortex marketing manager, Sabarinath Nair, estimates that 10,000 more are slated to be in place within the next two years, with international expansion — Bangladesh, Madagascar, Nepal, and Djibouti — already underway. Vortex notes that Gramateller is opening business opportunities for banks where there had previously been none, while also saving practices by reducing costs for rural Indians and permitting them to take out only the cash they need immediately. And it is doing it all while running entirely on solar power.
— Jason Schwartz

Email      Recommend     Tweet     Stumble Upon     Digg     Share    


Yale
Yale Environment 360 is
a publication of the
Yale School of Forestry
& Environmental Studies
.

SEARCH e360



Donate to Yale Environment 360
Yale Environment 360 Newsletter

CONNECT

Twitter: YaleE360
e360 on Facebook
Donate to e360
View mobile site
Bookmark
Share e360
Subscribe to our newsletter
Subscribe to our feed:
rss


ABOUT

About e360
Contact
Submission Guidelines
Reprints

E360 en Español

Universia partnership
Yale Environment 360 articles are now available in Spanish and Portuguese on Universia, the online educational network.
Visit the site.


DEPARTMENTS

Opinion
Reports
Analysis
Interviews
Forums
e360 Digest
Podcasts
Video Reports

TOPICS

Biodiversity
Business & Innovation
Climate
Energy
Forests
Oceans
Policy & Politics
Pollution & Health
Science & Technology
Sustainability
Urbanization
Water

REGIONS

Antarctica and the Arctic
Africa
Asia
Australia
Central & South America
Europe
Middle East
North America

e360 PHOTO GALLERY

“Peter
Photographer Peter Essick documents the swift changes wrought by global warming in Antarctica, Greenland, and other far-flung places.
View the gallery.

e360 MOBILE

Mobile
The latest
from Yale
Environment 360
is now available for mobile devices at e360.yale.edu/mobile.

e360 VIDEO

Warriors of Qiugang
The Warriors of Qiugang, a Yale Environment 360 video that chronicles the story of a Chinese village’s fight against a polluting chemical plant, was nominated for a 2011 Academy Award for Best Documentary (Short Subject). Watch the video.


header image
Top Image: aerial view of Iceland. © Google & TerraMetrics.

e360 VIDEO

Colorado River Video
In a Yale Environment 360 video, photographer Pete McBride documents how increasing water demands have transformed the Colorado River, the lifeblood of the arid Southwest. Watch the video.

OF INTEREST



Yale