Updates

Dear Friends,

Greetings!!!

You are receiving updates from Bihar Development Trust at slightly irregular intervals. I apologize for that. I personally went through very tough times through illness and financial bankruptcy. Bihar Development Trust also went through credit crunch due to drying up of credit in sub prime turmoil. All funding agency delayed loans which were due. To manage my expenses, I have to ask my friends and look for work.

Now, We are happy to say that Bihar Development Trust survived the test. Somehow, We survived with your support and well wishes. You all were very much supportive of us during the tough times. I am also not looking for work now in external agencies. My plate is full from BDT itself.

Since last 4 months, there were no new group formation and very little disbursement. Our group processes went into tailspin due to non disbursement of loans in field. New groups without loans disintegrated. We were into a shell and focusing on just surviving somehow. Now, we have regrouped and group processes have begun and new loan disbursement has begun. Many well-wishers have donated money in these tough times. We are thankful to them for supporting us in crisis.

We did flood relief work in month of Sep 2008. It was done in kharik block with support of CARE TODAY. We provided food and clothing’s to 11000 people affected by flood. Our work was covered by INDIA TODAY & AAJTAK.

Now, We have received sanction notes of

Rs.2000,000 from TMN Lucknow
Rs.1000,000 from Indian Bank
Rs. 500,000 from FWWB
Rs. 500,000 from RGVN
Rs. 625,000 from SIDBI as grant

Our proposals are in process with

AXIS BANK of Rs.2000,000
UNION BANK OF INDIA of Rs.2000,000
SBI of Rs.10,000,000
BOI of Rs. 5000,000
FWWB of Rs.4000,000
BASIX of Rs.2000,000

We plan to raise Rs.10,000,000 in next one year time duration.

TASAR SILK WEAVERS LIVELIHOOD INITIATIVE

We have initiated the formation of Producer Company for 50 weavers in Lodipur Village, Sabaur Block, Bhagalpur. The community has elected directors for the company. We have executed work worth more than Rs.600,000 through them. We are in process of executing Rs.2000,000 orders from various partners.

Our buyers include IIM Ahmedabad, Community Friendly Movement, Kamdhenu Trust.

Our E Commerce partner includes MAKE TICK FOUNDATION, USA & DRISHTI NOIDA.

Potential buyers include XLRI & IIM Kozikode.

DAIRY INITIATIVE

We are in process of organising dairy farmers in villages around Bhagalpur. We are doing what AMUL did 60 years ago. We will be setting up procurement centers and chilling plant and begin with 5000 litres. Buyers have been arranged for the milk we will be collecting through our channel. Our focus is in KOLKATA Market. What bombay did from Anand, We hope that Kolkata do it for Bhagalpur. AIF is supporting us for our Dairy initiatives.

Mr. Dev Kumar Dubey visited BANGLADESH and visited the birth place of microfianance and met icons like Mr. Saifuddin Chowdhary of ASA. We are motivated by success of ASA, GRAMIN etc.

Our team is motivated and going in full flow. We are getting addicted to grow BDT as the biggest enterprise of Bihar & Then India.

We need your support for achieving this dream

Regards

Ravi Chandra

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Dr Ravi Chandra
Managing Trustee
Bihar Development Trust
Ph-9470017752
bihardev@gmail.com
www.bihardev.org.in
www.bihardev.pbwiki.com
http://www.orkut.com/Community.aspx?cmm=34946028
http://picasaweb.google.com/rchandra1231/
http://groups.yahoo.com/group/bihardevelopmenttrust
Bihar Development Trust is an idea to adapt GRAMEEN and AMUL model to Bihar context and in different services and commodities supported by most efficient technologies.We have dreamt of building a US$20 billion enterprise in Bihar by 2020. The areas of opportunities are very common ideas like microfinance, handloom and handicrafts, fruits and vegetable, Agricultural commodities, health care and education, power and BPO(animation,graphics etc),carbon trading and tourism etc. We believe in executing things in Bihar which many big companies finds unable to do it.