Proof of Usefulness Report

Uttarakhand Gramin Bank

Analysis completed on 1/23/2026

+542

Proof of Usefulness Score

Industry Mainstay

Uttarakhand Gramin Bank is a verified, large-scale Regional Rural Bank (RRB) in India with over $500M in assets and millions of customers, indicating immense real-world utility and reach. However, the project submission itself is of extremely low quality ('most people have used my product'), lacking detail, specific metrics, or professional presentation. The high score reflects the verifiable existence and scale of the banking institution, while the innovation and response quality scores are heavily penalized due to the legacy nature of the tech and the poor submission effort.

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Score Breakdown

Real World Utility+22.5

Audience Reach Impact+18.0

Technical Innovation+2.25

Evidence Of Traction+11.25

Market Timing Relevance+6.0

Functional Completeness+0.25

Subtotal60.25 (Raw Weighted Sum)

Scaling Factor10x (Scale to 1000-point basis)

Usefulness Multiplierx0.90

Final Score+542

Project Details

Project URL

uttarakhandgraminbank.com

Description

Uttarakhand Gramin Bank, sponsored by the State Bank of India established under the RRBs Act 1976, came into existence on 1st Nov. 2012, after the amalgamation of the 2 RRBs viz. Uttaranchal Gramin Bank, Dehradun (Sponsored by SBI) & Nainital Almora Kshetriya Gramin Bank, Haldwani (Sponsored by Bank of Baroda) in Uttarakhand state.

Algorithm Insights

Market Position

Strong market validation with clear user adoption patterns

User Engagement

Documented reach suggests active user community

Technical Stack

Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline