Basix SubK
Indiamart Member Since
May 2015
Payment Services
The delivery system of the government for extending various types of services to the citizens was not efficient and effective. The state government of Rajasthan took up various initiatives to improvise the same. e-Governance is the tool for bringing greater transparency, responsiveness and accountability in Governance thus directing all government departments to identify and roll-out G2C services through e-service delivery.
BASIX Sub-K won the mandate from Rajasthan government to set up e-Mitra Common Service Centres (CSCs) across Rajasthan in August 2014. As of January 31, 2016 1650 plus e-Mitra centres in 17 districts have been set up to provide G2C services. Apart from G2C services all these e-Mitra centers are mandated to offer B2C and BC services. Semi- urban and urban locations are our key target markets where access to banks is still not very good. Approximately 19 L transactions have happened on the portal since inception.
Product Details
Company Details
Product Description
BASIX Sub-K won the mandate from Rajasthan government to set up e-Mitra Common Service Centres (CSCs) across Rajasthan in August 2014. As of January 31, 2016 1650 plus e-Mitra centres in 17 districts have been set up to provide G2C services. Apart from G2C services all these e-Mitra centers are mandated to offer B2C and BC services. Semi- urban and urban locations are our key target markets where access to banks is still not very good. Approximately 19 L transactions have happened on the portal since inception.
About the Company
Sub-K means "for everyone" in Hindi language and below "one thousand" in English , indicating touch points within 1,000 meters distance, offering transactions of less than 1,000 rupees , providing access to less than 1,000 households at a cost of 1,000 paisa.
Basix Sub-K iTransactions Ltd., is a subsidiary company under BASIX Social Enterprise Group, started in 2010 with a vision to provide technology enabled transactional platform to the unbanked population.
Sub-K operates, manages, and controls inclusive transactions on end-to-end basis through recruiting, training and equipping local entrepreneurs as Business Correspondent agents who serve as human ATMs at the last mile of connectivity between the Bank and the end consumer, through mobile/kiosk based technology.
Sub-K creates a self-propagating eco-system for profitability and sustainability of the BC sub-agent, Bank, and Sub-K, ultimately serving the customers with real time banking and non-banking solutions.
Sub-K is a service company that offers affordable, accessible and scalable digital payment solutions to the BoP segment in rural and urban areas and seeks to bridge the digital divide and create a “financially included society”.
Any customer with a bank account can walk into these BC outlets and avail banking services - cash deposit, cash withdrawal, remittance, fund transfer, balance enquiry, mini statement, loan repayment etc. Basix Sub-K facilitates business of micro-entrepreneurs through microcredit, insurance, pensions, farm loans, personal loans, vehicle loans. Government payments to citizens, Aadhaar card, PAN card services are also facilitated at some of these outlets. Non-banking services are also offered for enhancing the income of the BC agent and offer convenience to customers.
Seller Contact Details
5-1-664, 665 & 679, 3rd Floor, Surabhi Arcade, Troop Bazar, Bank Street, Koti, Koti Hyderabad - 500001, Telangana, India
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