Solar power to ease cash woes

Solar power to ease cash woes

Solar power expert and scientist S P Gon Chaudhuri is developing a prototype of a biometric solar-powered ATM, which would enable users to withdraw cash just by getting their fingerprints scanned. The ATM, if successfully designed and implemented, would be of great help to unlettered users, as it would do away with the practice of having to provide a PIN, which is challenging for many, especially in rural areas.

The model would just require the linking of Aadhar numbers with a user’s bank account, said Gon Chaudhuri, adding he especially had the rural populace in mind. “This is the major part of the country’s population, of which many are unlettered and have to withdraw money from banks and post offices using thumb prints. They are unable to use ATMs, which work by using a card and inputting a four-digit PIN, and are in desperate need of an ATM that would be compatible with their level of understanding,“ said the scientist who has come up with several innovations that have been recognized by the ministry of new and renewable energy . He felt the device would be equally effective in urban areas. Read More…

Credit By : Energy Economics Times

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