BASIX is a livelihood promotion institution

Motto: Equity for Equity

Founder: Mr. Vijay Mahajan (IIT-D, IIM-A) in 1996

Brand name of a group of companies
BASICS, IGS, etc..
Loans disbursed till date:
Farm sector - 90.20 million USD
Women 129.80 million USD
Outreach 578,000 cumulative loans, 20,000 villages,
106 districts

 Confluence of financial,
service level and social
impact
Re-direction of flow of

capital in market
Think global, Act local
strategy
Continuous improvement
system

How to scale-up business model; increase reach and target urban

poor

Increasing accessibility for the excluded; best solution to bridge

facilitate/provide accessibility

Repayment rates and defaulters

Promotion of sustainable livelihoods

Cost competitiveness and investment capacity

Understanding and meeting required regulatory norms-A.P-650cr.

There is no proper regulation For MFI

voluntary standards; political interference

Engaging the urban poor workforce

As BASIX expands its operations towards the urban

poor community, it needs to change its agro based
Business paradigm to Labour based Business
paradigm.

Unorganized labour segment accounts for nearly

95% of total labour force in India .

Huge manpower present in the urban and semi

urban areas can be streamlined by efficient network
of BASIX to provide unorganized labour to various
labour intensive areas such as construction,
transport, manufacturing , retail and various service
oriented industries.

Enabling Digital
Inclusion Tap into the near infinite resources
made available by the Internet to
increase farm-level efficiency and
empower farmers to better use and
share data that is critical to their
business.
Scale up operations by using a
central database to maintain the
data.
Increasing efficiency of operations
by using cloud computing
technology.

EXPANDING FINANCIAL REACH

Short-Medium Term
Banks face problems such as how to identify borrowers,
high operational cost and collecting dues

Clients
MFI

BASIX can look at building strategic partnership with

banks to provide loan money to the rural/urban poor,
no frills saving accounts, KYCs

Extends loan to
clients

For example: BASIX - Axis Bank, Bank of Baroda-Centre

for micro finance etc

Create charge on
capital for the loan
to clients

Long Term

Evaluate the possibility of becoming a full fledged

bank to provide transparent and affordable banking
services
Bandhan is the only microfinance institution that
applied and got a banking licence.

Bank
Extends loan to
MFIs
Create charge on
capital for the loan
to MFI

Exploring Export opportunities

Export outreach is very limited so far.

Signing a MOC with Export Import Bank of India (Exim Bank) on

2005 has been the last significant movement in that front

Non perishable products of India such as Handicrafts, dairy

products, fisheries have a huge market outside the country.

As

the Business operations scale up, BASIX should concentrate on

the promotion of export-oriented livelihoods among the

economically-active rural and urban poor households as well as
among small enterprises.