Almost 46% of the world's population resides in a rural landscape. Smart villages, alongside smart cities, are in need of time for future economic growth, improved agriculture, better health, and education. The smart village is a concept that improves the traditional rural aspects with the help of digital transformation. The smart village is built up using heterogeneous digital technologies pillared around the Internet-of-Thing (IoT). There exist many opportunities in research to design a low-cost, secure, and efficient technical ecosystem. This article identifies the key application areas, where the IoT can be applied in the smart village. The article also presents a comparative study of communication technology options.