Updated On: 01 July, 2012 08:53 AM IST | | Kareena N Gianani
Last week, the International Finance Corporation, a member of the World Bank, invested $2.7 million in a Chennai-based entrepreneur who builds solar-powered ATMs for rural areas. Think ATMs in villages with no electricity and happier rural folk
Over the next few years, if you travel to the interiors of Maharashtra and other states in the country, you’re most likely to find yourself in a queue outside an ATM even in a village sans electricity. The automated voice in the ATM may surprise you by speaking in the local language — but that’s just the beginning. It will provide transaction receipts in the local language, too, all while running on solar power.

A solar ATM set up by Vortex Engineering in a village in south India.