industry development founded 1996 headquarters hyderabad telangana india area served india key people vijay mahajan founder services livelihoods promotion revenue rs 53 crores us 13.5 million 2007 net income rs 4 crores us 1 million 2007 total assets rs 296.5 crores us 75 million 2007 number of employees 2583 2006 website http www.basixindia.com basix 1 2 3 is an institution concerning the promotion of livelihood established in 1996 in india . it is headquartered in hyderabad telangana . contents 1 basix group 2 strategy and activities 3 outreach 4 see also 5 references basix group edit basix is the brand name of a group of companies 4 5 which are bhartiya samruddhi investments and consulting services ltd. basics ltd is the holding company through which equity and debt investments are made in the group companies . it set up two fund based companies bhartiya samruddhi finance ltd a micro finance nbfc in 1997 and krishna bhima samruddhi local area bank ltd in 2001 . it also promoted basix academy for building lifelong employability limited basix consulting and training services limited basix krishi samruddhi limited basix sub k itransactions limited and ctran consulting limited . indian grameen services 6 is a non profit company registered under the section 25 of the companies act . igs was promoted by professional assistance for development action pradan . established in 1987 by vijay mahajan deep joshi and sankar datta it engages in capacity building research and development to extend commercial services for promoting livelihood opportunities for rural producers . during 1988 1995 igs focused initially on identifying and developing livelihoods then on provision of technical assistance and support services and then on providing marketing support . bhartiya samruddhi finance ltd. samruddhi an rbi registered nbfc is engaged in micro credit retailing insurance and providing technical assistance in agriculture business and institutional development to its customers . krishna bhima samruddhi local area bank ltd. kbslab 7 8 is an rbi licensed bank providing micro credit and savings services in three backward districts raichur gulbarga and mahbubnagar . sarvodaya nano finance ltd. sarvodaya is an rbi registered nbfc owned by women s self help groups and managed by basics ltd. strategy and activities edit to offer agricultural and business development services such as input supply training technical assistance and market linkages in a cost effective manner poor households are organized into groups informal associations and sometimes cooperatives or producer companies . the formation of such groups and making them function effectively requires institutional development services . basix aims to provide three services concerning this which it calls the livelihood triad livelihood financial services 9 including micro savings micro credit 10 and micro insurance . 11 agricultural and business development services 12 13 through local value addition non financial risk mitigation productivity improvement and alternative market linkages institutional development services 14 an attempt to evolve and reinforce a set of behavioural norms and processes for a group of people to act in a sustainable manner to achieve the purpose for which they together . basix 15 also provides sectoral and policy research services feasibility studies and other consultancy services using companies within the group with a focus on contributing to the knowledge and practice of livelihood promotion . its customers have included international bodies the government of india and several state governments . outreach edit basix 16 works in 20 000 villages in 106 districts in the states of telangana karnataka tamil nadu orissa jharkhand maharashtra madhya pradesh rajasthan bihar chhattisgarh west bengal delhi and assam . since the inception of the group basix has cumulatively disbursed rs 893 crore usd 220 million through nearly 578 000 cumulative loans . the loan outstanding as of march 31 2007 was rs 234 crore usd 58 million for the group with over 347 651 customers . as much as 41 % of the loans went to the farm sector which is severely impaired for want of credit and 59 % to women who tend to be financially excluded . savings services were provided through kbslab by linking urban bsfl customers with banks or post offices and through self help groups in the case of sarvodaya . the total coverage was 450 000 . basix insures its customers against risks like death spouse s death critical illness hospitalization and permanent disability . it has rainfall index based crop insurance livestock insurance and micro enterprise asset insurance and deposit insurance for savings customers . in 2006 07 this coverage was extended to 473 932 asset owners . over 10 000 cumulative claims have been settled amounting to rs 36 million . basix provided agriculture business development services for productivity enhancement non insurance risk mitigation local value addition and market linkages . these services were extended to 72 000 producers . fees collected towards providing these services amounted to rs 1.6 crore . basix provides institutional development services to self help groups shg federations mutual benefit trusts producer groups and cooperatives to aid producers livelihood activities . these services were extended to 25 110 groups with over 683 000 members . fees collected towards providing these services amounted to rs 2.4 crore . 17 see also edit vijay mahajan deep joshi sankar datta references edit http www.basixindia.com http www.moneycontrol.com news topic basix http www.mixmarket.org mfi basix http www.b able.in http www.basix consulting.com http www.igsindia.org.in http kbsbankindia.com http www.basixindia.com index.php option com content & task view & id 100 & itemid 116 http www.dhan.org askmi docs research % 20and % 20studies the % 20case % 20of % 20weather % 20insurance % 20for % 20smallholders % 20in % 20india.pdf http acumen.org investment basix krishi http www.royalsundaram.in press release basix rsa.aspx http forbesindia.com article isb pepsicobasix partnership promoting livelihoods through contract farming 28962 1 http sri.ciifad.cornell.edu countries india indiabasix sri journey2011.pdf http www.business standard.com article management iim a to conduct workshop on financial inclusion 113071901164 1.html http www.arthaplatform.com news 393 exclusive michael http www.livemint.com industry bz1u1kas0qpmnrhhlz80rm microfinance institutions seek rbi nod for another debt reca.html basix annual report 2007 retrieved from https en.wikipedia.org w index.php title basix india & oldid 728839534 categories rural community developmentmicrofinance companies of indiacompanies based in hyderabad india1996 establishments in indiahidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 8 july 2016 at 00 33 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view