BISWA: Bharat Integrated Social Welfare Agency

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Future Projections PDF Print E-mail

Outreach:

BISWA has a plan to cover another 5 states by the end of 2008, totaling to 16 states. 26500 SHGs are planned to be formed and nurtured; covering at least 424000 memberships.

Social Development:

BISWA shall focus on all its existing social dimensions giving thrust on both vertical and horizontal development. The existing programmes shall be intensified and additional programmes shall be taken up to cover aspects of quality of human lives which have not yet been addressed by BISWA; e.g.; labour issues, reclamation of wasteland, conservation of bio-diversity, technical issues concerning entrepreneurship etc.

Micro Enterprise:

BISWA plans to establish one Micro Entrepreneurship Development Institute (MEDI) with legal entity under section 25 of Companies Act (not for profit). BISWA has met with all legal paraphernalia for the purpose and the legal sanction is awaited. The title of the MEDI shall be Laxmipriya as accepted by the Registrar of Companies.The proposed MEDI shall be a resource institution in the micro-entrepreneurship development sector in imparting training, providing technical and managerial guidance, provide consultancy on turn-key basis, procurement of raw materials and other marketing facilities to BISWA as well as other institutions active in the sector.

Micro Finance:

  • The micro-finance programme of BISWA follows a well planned road map. Following the map, BISWA has established one Non Banking Financial Company at the apex level to cater the financial needs of the sector. It has also promoted Self Help Federations at the community level. The Federations are conglomeration of SHGs in a compact geographical area having legal entity as Mutual Benefit Trust (MBT) under the Indian Trusts Act. These Federations are community based client owned client managed socio-economic intermediary institutions. BISWA has a plan to promote 250 such Federations by the end of FY 2008 and build up the capacities of the institutions so as to enable them to discharge their own financial and social obligations.
  • The NBFC and the credit programme of BISWA follow a well calculated projection (cash flow) for coming 5 years. Accordingly it is planned to disburse credit to the tune of Rs. 200 crores to as many as 26500 SHGs with an outstanding of Rs 193 crores. BISWA projects the net worth to be about 14 crores by the end of FY 2008.
  • Savings by the clients (which is not utilized by BISWA) is projected to be mobilized to the tune of 28 crores; deposited in various banks or utilized by the respective SHGs as internal lending.
  • Under the social security programme, BISWA envisages to cover all the active members under its Life/ Health and Assets insurance schemes. BISWA is the corporate agent of LIC of India and is also associated with ICICI Lombard and Oriental Insurance Co. Ltd.