SIH2024_IDEA_Presentation_Format[1] (1).pptx

sih ppt sample

1. TITLE PAGE SMART INDIA HACKATHON 2024 Problem Statement ID - 1640 Problem Statement Title - Assured Contract Farming System for Stable Market Access Theme - Agriculture, FoodTech & Rural Development PS Category - Software Team ID – IOE17 Team Name (Registered on Portal) - EcoMinds

2. IDEA TITLE Proposed Solution(Describe your Idea/Solution/Prototype):- Detailed Explanation of the Proposed Solution : An online platform that connects farmers and buyers to facilitate contract farming agreements, ensuring income stability and reducing market risks. The platform offers tools for secure contracts, price negotiation , and payment processing . How It Addresses the Problem :   1. Guaranteed Market Access: Farmers get secure, pre-agreed contracts with buyers, ensuring     stable income.  2. Fair Pricing: Real-time market data and negotiation tools ensure fair pricing for both parties. Innovation and Uniqueness of the Solution:   1. Direct Farmer-Buyer Connection: Eliminates middlemen, allowing direct interactions and  negotiations and providing Help Desk/ Customer Support in case of inconveniences.  2. Efficient Contract Management: Customisable template for contracts, verified by E-signature . 2 IOE17 ECOMINDS

3. TECHNICAL APPROACH Technologies to be Used:  1. Programming Languages: - Frontend: JavaScript, HTML5, CSS3, React.js   Backend: Node.js  2. Frameworks and Libraries: Frontend: React.js Backend: Express.js (Node.js)   3. Database Management :   - PostgreSQL and MongoDB Methodology and Process for   Implementation: 3 IOE17 ECOMINDS

4. FEASIBILITY AND VIABILITY Analysis of the Feasibility of the Idea:   1. Technology Stack: The proposed technologies (React.js, Node.js, PostgreSQL) are         mature and widely used, ensuring stability and support .  2. User Adoption: High potential adoption among farmers and buyers due to the growing use of  digital platforms in agriculture. Potential Challenges and Risks:  1. User Adoption: Farmers, especially in rural areas, may have limited tech skills or access to the  internet.   2. Market Competition: Competition with existing agricultural marketplaces and platforms, causing  d ifficulty in gaining market share and user trust . Strategies for Overcoming these Challenges:  1. Training & Support: Provide easy-to-understand tutorials and on-ground support for farmers.  2. User Trust: V erification and validation through authorised government services like DigiLocker . 4 IOE17 ECOMINDS

5. IMPACT AND BENEFITS Potential Impact on the Target Audience:  1. Income Stability for Farmers: Farmers gain a guaranteed market for their produce by securing  contracts with buyers, reducing income volatility and improving financial stability.  2. Consistent Supply for Buyers: Buyers benefit from a reliable source of produce , allowing them to  plan their inventory and production more effectively.  3. Economic Growth: Stable incomes for farmers can boost local economies , as farmers are likely  to spend more in their communities. Benefits of the Solution:   1. Enhanced Livelihoods: By providing financial stability and access to new markets, the platform   improves the livelihoods of farmers , which can lead to better living conditions and reduced poverty .  2. Market Efficiency: The platform facilitates more efficient transactions , reducing the need for     intermediaries and lowering transaction costs .   5 IOE17 ECOMINDS

6. RESEARCH AND REFERENCES Details/ Links of the Reference and Research Work: Ministry of Agriculture & Farmers Welfare: https://agriwelfare.gov.in/ National Bank for Agriculture and Rural Development (NABARD): https://www.nabard.org/ https://www.niti.gov.in/ https://www.fao.org/uploads/media/Contract-Farming-Introduction.pdf https://www.nabard.org/demo/auth/writereaddata/File/OC%2042.pdf   https://www.fao.org/in-action/contract-farming/en/ AgriBazaar : https://www.agribazaar.com/ 6 IOE17 ECOMINDS