Ramesh Baswa

Ramesh Baswa's Profile Overview

Current Company Associate Vice President(Technology) at BASIX Sub-K iTransactions Limited
Industry : IT Software
Department: Top Management, from Jul 2010 till now

Job Description : Working for the empowerment and financial inclusion of rural India using effective technologies towards provision of mobile services.

BASIX is a livelihood promotion institution established in 1996, working with over a million and a half customers, over 90% being rural poor households and about 10% urban slum dwellers. BASIX works in 16 states - Andhra Pradesh, Karnataka, Orissa, Jharkhand, Maharashtra, Madhya Pradesh, Tamilnadu, Rajasthan, Bihar, Chattisgarh, West Bengal, Delhi, Uttarakhand, Sikkim, Meghalaya and Assam, 205 districts and over 25,300 villages. It has a staff of over 6,260 of which 80 percent are based in small towns and villages. BASIX has been accredited with below credentials by now:

• World’s leading provider of Integrated Livelihood Promotion Services
• Adopts a unique Livelihood Triad Strategy
• Pioneered the SHG Bank Linkage Model
• First to introduce micro-insurance Global pioneer in the design of weather
index based crop insurance
• First in sector to carry out a portfolio securitization deal (2003)
• Ranked 10th among Global MFIs in MIX Global 100 Composite Ratings
• Only MFI operating Govt. Common Service Center network – 8500 + in 4 states

Sub-k, a subsidiary company under BASIX, is an initiative incubated with a vision to provide a transactional platform for basic financial services. The financial services include Savings, Micro-Pensions, Micro-insurance, NREGA and other Government payments, Money Transfer, Micro-Credit, Utility Payments, Travel Reservations and Mobile Topups through a Business Correspondent model thus enabling Financial Inclusion which is the vision for our developing country. Increasing demand for basic financial services amongst all social classes, need to include the financially excluded and rapid adoption of Mobile technology among masses, have acted as a catalyst to enable ‘Sub-k’. ‘Sub-k’ which means sub 1000, i.e. less than 1000, was envisaged with a context that people could access financial services within a distance of 1000 meters (1km), with a transaction value of Rs. 1000 (maximum in a day per individual), and by incurring a transaction fee that is less than 1000 paise (Rs. 10).
Mobile Technology has made the single most important impact on the citizens, both rural and urban, in the last decade but this digital platform has not been made use of to further rationalize the impact it can have on daily lives of individuals. ‘Sub-k’ will use this highly scalable digital channel to provide access to the basic financial services to all social classes thus impacting their social lives in a big way.. Senior Manager-Development at MACH Mobile India Pvt Ltd
Department: Top Management, from Mar 2010 till now

Educational Information BE/B.Tech at National Institute of Technology, Warangal
from Jan 1992 till Jan 1996

Ramesh Baswa's Additional information

Web Profile : http://www.peerpower.com/pub/rameshbaswa

Ramesh Baswa's Personal Details

Gender:Male