Skoch Challenger Award 2011
The 5th January 2011 was celebrated as Financial Inclusion day in India. To commemorate the occasion Skoch Development Foundation in Delhi organised a high powered and star studded award ceremony in which BASIX – a conglomerate of nine entities engaged in providing financial inclusion services to the poor, bagged the coveted Skoch Challenger Award 2011 for Financial Inclusion and Livelihood Promotion.
The applicants pool consisted of PSU banks, MNC banks, Co-operative banks, Business Correspondents, MFI/ NBFCs, RRBs, Central Governments, State Governments, Civil Society, Individuals, Mutual Funds, Pensions, Insurance (PSU and Private) and other institutions operating in the sector.
Over the past 15 years, BASIX has worked on providing a financial identity to its over 3.5 million customers. Working its way up from imparting financial literacy–> livelihood promotion through technical assistance and micro credit –> Risk mitigations through insurance services –> Savings services (bank account opening and transactions, micro pensions, recurring deposits etc)
The Award is one of the highest civilian honour in the country that recognizes people, projects and institutions for their extraordinary achievements in contributing to society. The Awards are independently instituted and solely conferred by Skoch Consultancy Services Pvt. Ltd. No institutional, corporate or government endorsement or support is either expected or accepted for the awards to maintain editorial independence.