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Promoting sustainable agricultural livelihoods

Through provision of services for productivity enhancement, cost reduction, risk mitigation, local value addition, alternative market linkages and organization of farmer institutions.

MISSION & VISION

Mission

Aims to be an efficient and effective organization by providing end-to-end solutions for 5 lakh farmers through sustainability, innovation, reach, and value generation by 2025.

Vision

Agriculture turns environmentally, socially, and economically sustainable, and rural youth prefer to take up agriculture as their primary economic activity.

Strategy/Approach

  • Focus on selective states
  • Focus on selective crops serving though Farmer institutions like FPO/FPC/Producer groups

Genesis

Bhartiya Samruddhi Finance Limited (BSFL), the flagship company of BASIX group provided Crop loans, Agri term and Agri allied loans to the tune of 50% of total loan outstanding beginning with year of 1996. The company commissioned an impact study hiring Indian Market Research Bureau (IMRB) in 2001. The study was completed in 2002 and come out with a stark observation that over 26% of the farmers experienced reduction of income incurring losses due to various risks like reduction of yield, enhanced costs and often unremunerative prices fetched for their produce.

BASIX has redefined its strategy to TRIAD Approach, where it provided

  • Financial Services – Credit, Savings, and Insurance
  • Agriculture, Allied and Business Development Services (AgBDS) – Training & Education on Good Agriculture and allied practices
  • Institutional Development Services – for effectively organizing farmers requirements, accessing markets for both buying inputs and sales of produce of its members

BSFL has always considered Agriculture sector as key area to serve. It provided AgBDS services in the beginning of 2005 and reached serving over 600,000 farmers by the year 2010. Subsequently, BKSL was set up in 2010 to scale up operations in sustainable manner. The company subsequently taken on the opportunity of promoting FPOs under ages of SFAC. The company has been working with over 96 FPOs as of August 2022 and serving over 1,58,000 farmers in all the above areas.

PROMOTERS

Vijay Mahajan

Vijay Mahajan is a graduate of the Indian Institute of Technology, Delhi (IIT-D), 1970-75, a post-graduate of the Indian Institute of Management, Ahmedabad (IIM-A), 1979-81, and

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STAKEHOLDERS

Bhartiya Samruddhi Investments and Consulting Services Limited

Holding company of BASIX Social Enterprise Group

Acumen Fund, Inc

Non-Resident (A Not-for-Profit Corporation organized under the Laws of the State of New York, United States of America)

BOARD OF DIRECTORS

11

States

60

Districts

973

Villages

103

FPOs

1.58 Lac

Farmers