BASIX[1][2][3] is an institution concerning the promotion of livelihood established in 1996 in India. It is headquartered in Hyderabad, Telangana. Around 2010 it's NBFC arm raised funds from private equity investors and declared bankruptcy after couple of years.

Company typePrivate
HeadquartersHyderabad, Telangana, India
Area served
Key people
Vijay Mahajan (founder)
ServicesLivelihoods Promotion
RevenueRs 53 crores (US$ 13.5 million) (2007)
Rs 4 crores (US$ 1 million) (2007)
Total assetsRs 296.5 crores (US$ 75 million) (2007)
Number of employees
2583 (2006)



BASIX is the brand name of a group of companies,[4] 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,[5] 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),[6][7] 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


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:[8] including micro-savings, micro-credit,[9] and micro-insurance.[10]
  • Agricultural and Business Development Services:[11][12] through local value addition, non-financial risk mitigation, productivity improvement, and alternative market linkages
  • Institutional Development Services:[13] 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[14] 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.



BASIX[15] 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 31 March 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.[16]

See also



  1. ^ "Basix India". Retrieved 2 September 2018.
  2. ^ "Basix - Latest & Breaking News on Basix - Photos, Videos, Breaking Stories and Articles on Basix". Moneycontrol. Retrieved 2 September 2018.
  3. ^ "Organization Profiles". Retrieved 2 September 2018.
  4. ^ "Home". Retrieved 2 September 2018.
  5. ^ "Indian Grameen Services". Retrieved 2 September 2018.
  6. ^ "KBS Bank". Retrieved 2 September 2018.
  7. ^ "Basix India - Krishna Bhima Samruddhi Local Area Bank Ltd". Retrieved 2 September 2018.
  8. ^ "Scaling-Up Micro Insurance : The Case Of Weather Insurance For Smallholders In India" (PDF). Retrieved 2 September 2018.
  9. ^ "Acumen - Companies -". Retrieved 2 September 2018.
  10. ^ "Press Release BASIX Celebrates 10 Years Of Livelihood Promotion And Protection In Rural India With Aviva And Royal Sundaram Alliance". Archived from the original on 5 May 2016. Retrieved 2 September 2018.
  11. ^ "PepsiCo-Basix Partnership: Promoting Livelihoods Through Contract Farming - Forbes India". Forbes India. Retrieved 2 September 2018.
  12. ^ "BASIX's Experience on SRI in India: Farmer-Financed Extension" (PDF). Retrieved 2 September 2018.
  13. ^ Reporter, B. S. (19 July 2013). "IIM-A to conduct workshop on financial inclusion". Business Standard. Retrieved 2 September 2018.
  14. ^ "Exclusive: Michael & Susan Dell Foundation Invests in Mobile Payments Platform BASIX Sub-K". Archived from the original on 13 April 2012. Retrieved 1 August 2013.
  15. ^ Unnikrishnan, Dinesh (17 July 2013). "MFIs seek RBI nod for another debt recast round". Retrieved 2 September 2018.
  16. ^ BASIX Annual Report, 2007