In this article some of the products and initiatives, undertaken in the area of appropriate exploitation of IT have been examined along with learnings that hold for the sector
BASIX is a new generation livelihood promotion institution, established in 1996, working with over 190,000 poor households in 44 districts and eight states across India. Its mission is ‘to promote a large number of sustainable livelihoods, including the rural poor and women, through the provision of financial services and technical assistance in an integrated manner’.
As of March 2006, the BASIX group companies have disbursed more than Rs 5200 million, and have more than 2,40,000 active borrowers. The performing assets were 97.8 percent. In addition to microfinance, BASIX also provide Agricultural and Business Development Services, as well as Institutional Development Services.