District Poverty Initiative Project (Rajasthan)

BASIX

Its mission is 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 and human resources on a continuous basis.

In pursuit of its complex mission, BASIX has had to experiment and innovate constantly. This complexity is reflected in the corporate structure of BASIX, which comprises a range of companies to address a diverse set of tasks :

Bhartiya Samruddhi Investments and Consulting Services Ltd (BASICS Ltd), the holding company, through which equity and debt investments are made in the group companies:

Bhartiya Samruddhi Finance Ltd (Samruddhi), an RBI registered NBFC, owned by major financial institutions and engaged in micro-credit and retailing insurance and providing technical assistance services to some of its borrowers.

Krishna Bhima Samruddhi Local Area Bank Ltd, an RBI licensed bank providing micro-credit and savings services in three districts.

Indian Grameen Services (IGS), a section 25, not-for-profit company engaged in research and development and training related to livelihoods.

Sarvodaya Nano Finance Ltd (Sarvodaya), an RBI registered NBFC, owned by women’s self-help groups, and managed by BASICS Ltd.