MUMBAI, India, Feb. 27 -- Intellectual Property India has published a patent application (202641017669 A) filed by Ramachandra College Of Engineering, Eluru, Andhra Pradesh, on Feb. 17, for 'the analyses of integrating fintech innovations to empower rural entrepreneurs.'
Inventor(s) include G. Suneetha; Annam. Durga Madhavi; and Konatham. Lavanya.
The application for the patent was published on Feb. 27, under issue no. 09/2026.
According to the abstract released by the Intellectual Property India: "This invention presents a comprehensive system and method for integrating FinTech innovations to empower rural entrepreneurs, addressing challenges such as limited access to finance, market information, and digital tools in remote areas. The proposed framework combines mobile applications, artificial intelligence, blockchain technology, and data analytics to create an ecosystem that facilitates micro-financing, supply chain management, and business training. Components include a user-friendly mobile app interface, a central cloud-based analytics engine, secure blockchain ledgers for transactions, and IoT-enabled devices for inventory tracking. The method involves user registration, data collection, AI-driven decision-making, and continuous feedback loops to refine services. Results from simulated and real-world applications show enhanced financial inclusion, with improved credit access leading to higher entrepreneurial success rates and economic upliftment. Novel aspects include region-specific customization using machine learning and peer-to-peer lending networks that minimize intermediary costs. Applications span agriculture, handicrafts, small-scale manufacturing, and eco-tourism, promoting inclusive growth in developing economies."
Disclaimer: Curated by HT Syndication.
