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Promoting sustainable agricultural livelihoods

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

VISION & MISSION

Mission

To be an efficient and effective organization providing end to end solutions with sustain, innovation, reach and value creation for 5 lakh farmers by 2025

Vision

Agriculture turns environmentally, socially and economically sustainable and that rural youth prefer to take up agriculture as main 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 beginning 2005 and reached serving over 600,000 farmers in 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

10

States

56

Districts

973

Villages

102

FPOs

1.58 Lac

Farmers