The problem Utkranti - A Step Towards Viksit Bharat solves

Utkranti addresses a critical problem faced by rural entrepreneurs in tier 2 and tier 3 cities: the lack of access to funding and wider markets. One of the major barriers hindering their growth is the language barrier, given the vast number of languages spoken in India. This barrier limits their ability to effectively communicate their ideas and access funding opportunities. Utkranti aims to bridge this gap by providing a user-friendly platform available in 22 Indian languages powered by Generative AI.

With Utkranti, entrepreneurs can pitch their products and ideas in their native language, removing the language barrier and enhancing accessibility. The platform allows entrepreneurs to upload pictures, share business plans, and provide funding requirements in their own words. This information is then processed by generative AI, which translates, frames, and abstracts the important points from the pitch, making it accessible to potential investors.

Investors can browse through pitched products, view summaries generated by AI, and offer loans at an interest rate of their choice. The platform also provides financial analysis using data analysis tools, helping investors make informed decisions. Additionally, Utkranti promotes sustainability by providing an analysis of the carbon footprint per kilogram for each product, aligning with UN Sustainable Development Goals.

Overall, Utkranti not only provides a platform for rural entrepreneurs to access funding and reach wider markets but also creates a supportive ecosystem that empowers them to turn their innovative ideas into reality. It is a step towards Viksit Bharat. By breaking down language barriers and providing access to financial resources, Utkranti aims to transform communities and fuel economic growth in rural India.

Challenges we ran into

One of the major challenges we faced was transforming the idea of Utkranti into a tangible product. While we had a clear vision for the platform, translating that vision into a user-friendly interface was a significant hurdle. We had to brainstorm and iterate on various designs to ensure that the platform not only looked good but also provided a seamless user experience.

Additionally, we encountered difficulties in finding ways to make a meaningful impact through our project. We wanted Utkranti to be more than just a platform for connecting entrepreneurs and investors; we wanted it to empower rural entrepreneurs and contribute to the development of Viksit Bharat. This required us to think deeply about the features and functionalities of the platform and how they could positively impact the lives of our users.

Another challenge was integrating and pipelining the various processes involved in the web application. We had to ensure that the pitching process, loan provision, language support, financial analysis, and other features worked together seamlessly to provide a cohesive user experience. This required careful planning, coordination, and testing to iron out any issues and ensure that the platform functioned as intended.

Overall, overcoming these challenges required a combination of creativity, perseverance, and collaboration. By working closely as a team and leveraging our individual strengths, we were able to address these hurdles and make Utkranti a reality.