1. Presented By: Amitabh Vatsya
http://alphaphile.blogger.com
http://in.linkedin.com/in/amitabhvatsya
Email: [email protected]
Basix:A Study of Business Processes
2. Basix
BASIX is a livelihood promotion institution established in 1996,
working with over a million and a half customers, over 90% being
rural poor households and about 10% urban slum dwellers.
BASIX works in 16 states and over 22,400 villages. It has a staff
of over 5,400 of which 80 percent are based in small towns and
villages.
3. BASIX mission
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.
4. Value
.
The circle represents the globe, our mother Earth, half of which is
dark blue, representing poor, who are excluded from opportunities
for better livelihoods. The white dot in the dark region represents
an area of hope, arising from the talents and aspirations of the
poor and the efforts of BASIX to promote livelihoods.
The white part is the economically more prosperous world, but
colorless, and it can benefit from the vibrancy and talents of the
dark blue part. The lines represent BASIX attempts to establish
linkages between the two zones. These linkages include capital,
human resources, technology, markets, institutions and policies.
The environment is represented by the circular boundary, which also
depicts the Earth. Anything that we do to enhance prosperity, has
to be sustainable for both zones together.
With the motto, Equity for Equity means that BASIX attempts to use
capital (financial, human, social and natural capital) to work
towards bringing equality of opportunity and social justice in
society, globally.
5. Corporate Structure
The Holding Company of the BASIX Group is called Bhartiya Samruddhi
Investments and Consulting Services (BASICS) Ltd.) which started
operations in 1996
6. Founder: Mr. Vijay Mahajan
IIT D & IIM A & Princeton UniversityAlumnus.
Vijay co-founded PRADAN in 1983, Sa-Dhan in 1998 and APMAS in
2000.
He has co-authored a book "The Forgotten Sector" on the rural
non-farm sector
Member of the Committee on Financial Inclusion and Committee on
Financial Sector Reforms constituted by the Reserve Bank of
India.
"Outstanding Social Entrepreneur" by the Schwab Foundation of the
World Economic Forum, Davos in 2003.
7. BASIX strategy
It is to provide a comprehensive set of livelihood promotion
services:
Agricultural Business Development Services (Ag/BDS)
8. Financial Inclusion Services (FINS)
9. Institutional Development Services (IDS) to rural poor
households under one umbrella.
