Best Ideas 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Idea’ category. All the entries consist of innovative solution or proposition for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage. If you want to know the 10 finalists in this category, click HERE
Explain your idea in details:
The idea of Save Vriksha came up not because of coincidence but because of an incident that made me think. Myself being brought up in India where almost all supermarkets, fast food chains, apparel shops etc., will be filled with people and there will be arrays of queues standing to get their things billed but ultimately most of those bills go to trash once we come out of that place. So like this how many paper bills are going to trash without serving any purpose, so at that time i thought why cant we bring an application which sends the bill to our mobile phones directly and that will be a cost saver to the vendor too. Save Vriksha is not just one end but it is both a software that works on vendor side and an expense tracker app that works on customer side. The customer has to login to the app by using his mobile number and once he gets signed up he/she will be given a 3 digit code so that they can feel secured about their details not getting revealed. The customer need not scan the QR code instead they can give his unique number/ phone number at the vendor place and the bill gets transferred to the app. The app can do more than just being a bill storage, as the customer can customise the information he want and can get weekly reports. To drive our awareness we are bringing in daily quotes on saving nature and give away crotons to each consumer based on the vriksha meter which goes up and down based on their active usage of this app for saving bills.
Expected impact of your idea on sustainable development
The name Save Vriksha says it all, i.e. our main objective behind this is to Save Trees. Save Vriksha impacts two Sustainability Development Goals 1) SDG 12: Responsible Consumption and Production and 2) SDG 15: Life on Land. IMPACT OF SAVE VRIKSHA: Since most of the consumer businesses in India are conducted with computerized billing system and apart from that, considering the population residing here, the use of physical paper bills have also increased manifold. The main objective of Save Vriksha is to curb the use of physical paper bills, which would in turn reduces the issue of cutting down trees, by use of technology and network. MEASURES TO EVALUATE SUCCESS: 1) Number of vendors tying up with us,2) Number of consumers using the application and 3) foraying into other streams. OUR TARGETS: a) Number of vendors who will enroll: Year 1 – Cover the major cities of India by tying with supplier chains having various branches across the countries, Year 2 – Make vendors across the country aware about Save Vriksha and create a place for its own, Year 3 – Reaching out to other countries where paper bills have been extensively used and create awareness about Save Vriksha and tie up with major supplier chains there. b) Number of consumers using the application: Year 1 – 1,00,000 users, Year 2 – 8,00,000 users, Year 3 – 15,00,000 users. c) Foraying into other streams: Year 1 – Gaining Consumer and Vendor acceptance for Save Vriksha, Year 2 – Create our own billing software which gets Save Vriksha inbuilt to it, Year 3 – Foraying into online marketing encouraging upcoming entrepreneurs, farmer to consumer platform and e wallets. Our utmost goal is to make paper bill less transactions and to plant 1 million trees by 2022 under Save Vriksha
Plans for implementation and sustainability
Save Vriksha base idea is to curb physical paper bills and to reduce deforestation for producing these paper rolls. Since India is becoming technologically inclined, the audience base for this software wont be a problem. The planned flowchart to create awareness on Save Vriksha is as follows, firstly, our main target should be the vendors as they are the ones who are going to create an urge among the consumers to use the mobile application, so to convince him we are giving him a benefit of cost cutting as we are going to charge them less than the number of paper rolls they are buying per month, secondly, with regards to the consumer it is not just going to be a mere bill dumper but also acts as an expense tracker and give them a weekly reports on savings and budgeting .Thirdly, to reach the government for an added support -The base idea is to create awareness on not cutting down trees for something that is not going to be useful for everyone, because the main users of a paper bill are those who are going to claim but if the same bill is available on an electronic format then it is easy for them to claim the bill at any point of time without being afraid of the print on the bill getting erased off. Since from app development to vendor software is built by known people, the cost for that is zero and the only cost that we need to cover up is on renting cloud storages for storing and sending bills to the customers and some initial marketing costs. Over the course we can expect a profit upto 40% as the recurring cost would be only cloud storage space and marketing costs.
Born on 7th October 1997, I have seen all stages of growth in my life by way of my father. He is my inspiration on various things other than being a business man, as he was the one who has taught me that if we preserve nature the nature will preserve us in future and always be determined to do something big and different. He being a first generation business man, therefore I am driven more for public service and welfare. I am interested in fantasy literature and my dream is to serve the society in the best possible way. Now, I am pursuing chartered accountancy, to learn more about the business around me and see how it should and shouldn’t be carried out. The idea of doing business have always been there in me since my childhood days and wanted an opportunity to make my mark. I abide to the saying that “A dream doesn’t become reality through magic, it takes Sweat, Determination and Hard work.”