Microfinance

BASIX bags contract for running 829 Common Services Centres in Punjab

The BASIX Group a conglomerate of financial and knowledge based social enterprises founded and co-promoted by Vijay Mahajan, has won the contract for Common Service Centres (CSCs) in the state of Punjab in North India. The State Government of Punjab has given the mandate for BASIX to manage 829 CSCs in seven districts of three zones namely –

  1. Jalandhar, Kapurthala
  2. Ludhiana, Fatehgarh Sahib
  3. Patiala, Rupnagar, Mohali

This is the fourth State where BASIX will be engaged in CSCs operations after having established CSCs in Meghalaya, Tripura and Odisha.  So far BASIX has set up over 1500 CSCs out of the 2873 CSCs that have been assigned to BASIX.

basix in punjab microfinance

Mr Anoop Kaul, National Head, Financial Inclusion at BASIX with Punjab Government Officials

Speaking on the occasion, Mr Anoop Kaul, National Head, Financial Inclusion at BASIX said  ” We thank the Punjab Government for giving BASIX this valuable opportunity of managing Common Service Centres (CSCs) for them. BASIX has  a vast experience in setting up CSCs, I am confident that our effort will thus be to work closely with the State Government to achieve its goal of Inclusive Growth”.

CSCs are last-mile rural access points equipped with Modern IT infrastructure and broadband connectivity.  Such access points can drive tremendous synergies to Government’s developmental initiatives in the areas of education, agriculture, health and rural development.

At these Centers, while the thrust will be on Government to Citizen Services and Business to Citizen Services, BASIX with use its strengths in the livelihood field to integrate livelihood promotion services like agriculture and micro-business development services.

BASIX”s endeavor will be to select Village Level Entrepreneurs (VLEs) to run these outlets who are willing to be ‘ Change Agents ‘ and who will help BASIX to connect and bond with the local populace.  BASIX with its mission of livelihood promotion through financial inclusion services has successfully served the population living in difficult terrains through it’s IT Kiosks also called Common Service Centers since 2008.

Elaborating on the community work done through Common Service Centres, Mr. Kaul added-“We are successfully serving 1lakh customers across 4 states through our 1500 CSCs and going forward we aim to replicate this very successful model in all the 17 states that BASIX operates in”.

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