Cognisant of the economic difficulties faced by villages due to the restrictions during the pandemic, Sarvodaya Development Finance (SDF), the financial services arm of the Sarvodaya Shramadana Movement, plans to launch the ‘Smart Village App’ to enable better connectivity and strengthen business growth and financial outcomes.
Chief Executive Officer of Sarvodaya Development Finance, Nilantha Jayanetti said, “We have long seen the benefits of using digital avenues to drive economic inclusivity and financial equity, and our next endeavour, the Smart Village App, has the potential to transform the financing landscape and bring about a plethora of benefits for the underserved and underrepresented. The App enables showcasing local village products on an international stage and drives collaboration and greater access to financial portals and online marketplaces – driving transactions and economic growth while ensuring health and safety is secured, during the course of the pandemic.”
Having started it’s digitisation journey prior to the Covid-19 pandemic, with meetings conducted via Zoom and Google Meets, SDF takes the next step in transforming ethical financing through the introduction of the ‘Smart Village App.’ The prime goal of the app is to provide financial access to grassroot level communities by providing greater access to digital platforms, through which they can sell their products and services and run their business and manage their finances.
The App, soon to be available on Google Play and Apple app stores, stands to bring about a number of benefits.