To promote a large number of sustainable livelihoods, including for the rural poor and women, through the provision of financial services and technical assistance in an integrated manner.
BASIX will strive to yield a competitive rate of return to its investors so as to be able to ... Read more
To promote a large number of sustainable livelihoods, including for the rural poor and women, through the provision of financial services and technical assistance in an integrated manner.
BASIX will strive to yield a competitive rate of return to its investors so as to be able to access mainstream capital markets and human resources on a continuous basis. Hide
Background and Main Challenges:
India has a population of over 1000 million of which about 350 million live below an austerely defined poverty line. About 70 percent of the population are engaged in agriculture contributing to less than 30 percent of GDP. It has limited ability to absorb more manpower.
India has a population of over 1000 million of which about 350 million live below an austerely defined poverty line. About 70 percent of the population are engaged in agriculture contributing to less than 30 percent of GDP. It has limited ability to absorb more manpower.
India needs to generate 14 million new livelihoods every year! There is a need to generate a large number of sustainable livelihoods in rural India, preferably in the non-farm and the allied sectors.
The main challenge was convincing policy makers and potential investors that we are an idea worth giving a serious try. Hide
The main goal of our organisation is to promote livelihoods for poor people, mostly rural. We mainly work with economically active rural poor households, engaged in agriculture, livestock rearing, household manufacturing or services activities. The way we do it is by providing credit, and ... Read more
The main goal of our organisation is to promote livelihoods for poor people, mostly rural. We mainly work with economically active rural poor households, engaged in agriculture, livestock rearing, household manufacturing or services activities. The way we do it is by providing credit, and technical asistance and support services such as input supply or market linkages, where needed.
Products include Loans Insurance Agriculture/Business Development Services (Ag/BDS), and Institutional Development Services (IDS). Hide
MFI Report
