GIVE FUND TO BDT

Dear Friends,

Greetings!!!

We are happy to share the growth of Bihar Development Trust with you. Without your support and good wishes, we may not have survived two years. Over the last two years, we have lots of problems and tribulations but some how we keep surviving. Generally, it is said that first 1000 days for a organisation is crucial for its long term survival. We have crossed 700 days of our existence and hope to cross the 1000 days milestone with glory.

Over the last two years, we have not done any charismatic changes on the ground. We have given loans to 750 women borrowers who do not have access to credit from formal system. These women are returning loans which is commendable and needs to be celebrated in Bihar. We are trying to help 30 weavers to earn their livelihood through market orders. To help them in retaining their traditional weaving and giving them enough work so that they need not to migrate. We have much more to do for them. We are planning financial inclusion for our silk weavers. We have been forming producer company in which weavers have been made shareholder. We have worked in september providing food and clothes to flood affected people in Kharik Block. Recently, Bihar Chief Minister visited the same Kazikoraiyya village where we have distributed food and clothes and promised solution for these flood affected villages.

Our achivement is not that we may have provided some services to women , silk weavers or flood relief. If we have not been there, some other agency would have been doing that and many more are doing. We have been able to demonstrate to some extent that middle class educated youth can turn entrepreneur in Bihar by virtue of its professional education. There will be difficulties but if you dont have the guts to face the problems, you should not turn entrepreneur.

Our biggest battle is to get Loans in Bihar. Banks officials have simple abandoned to lend to entrepreneurs in Bihar. They simply say that we dont give loans in Bihar. If you dont give loans, then why are you having branches in Bihar. Just to suck out money from Bihar and give it to some project in Gujarat or Maharashtra or other states. Entrepreneurs in Bihar are as much creditworthy as outside. We are presenting ourselves as a serious credit worthy organisation. Only thing is that we do not have much collateral to offer. Our Networth will be 15 lakhs but we need crores of loan. We have fixed assets worth Rs.15 lakhs. Our debt equity ratio is 2.15:1. Our balance sheet size will be 80 lakhs for FY 2008-2009. This battle is still being fought upon.

Bihar is looking like a positive investment destination. People are enquiring a lot about starting an enterprise to us on daily basis. People are deriving hope from us. Bihar Development Trust is a good investment opportunity for people who have social inclination and not looking for astronomical return. Stock market has crashed and returns expectation is lower now. We are seeking corpus donation from people who wish to give back some thing to Bihar. We are seeking loans from people who own some companies and can give inter organisation loans. We are seeking monetary donation from people who wish to contribute for Bihar Development through us.

We would like to clarify that our plans for this year may include Bhagalpur, Patna, Munger, Banka, Jamui etc. We plan to expand to all district in Bihar in a gradual manner while doing significant work in each district. Our area of activities will include Microfinance, Tusser Silk weavers livelihood and their financial inclusion, Micro insurance of LIC, dairy, agarbatti stick manufacturing, health camps etc.

Our dream is to create 20 billion dollar enterprise in Bihar.

Kindly visit www.bihardev.pbwiki.com for all kind of information about Bihar Development Trust.



Regards

Ravi Chandra

--
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.