BDT UPDATES

Dear Friends,

Greetings!!!

Finally, we have learnt to say no and we are full of work. Over last three years, many people are wondering that when we will stop diversifying and consolidate. Finally, the founders and promoters are full of work mentally as well as physically. Our idea is Bihar and we want to work in domains which has the potential to impact and reach one million families in Bihar. Our idea was geography specific but not sector specific. Finally we are able to evolve a BDT model which will engage the families from input to marketing in each of the four verticals. BDT group is now present in Microfinance, Textile, Agriculture and Bamboo. Our outreach is 4000 families currently. We will reach 10000 families with our multiple activities in this year. We have designed innovative products for farmers in agriculture and bamboo. We have planned and tying up with reputed technical support agencies and individuals to provide technical inputs in textile, agri culture and bamboo based activities.

Microfinance has a potential to scale up in each district of Bihar supported by adequate livelihood activities. Similarly Agriculture based activities has the potential to reach almost every single family in Bihar. Bamboo based activities can be spread in south and east district of Bihar. While tusser silk weaver livelihood programme can be scaled up in Bhagalpur and can be integrated with other artisans based cluster like Madhubani.

In number terms, We lent around Rs. 200 lakhs to 3000 women borrowers . Our portfolio outstanding is Rs. 113 lacs approx. We insured Life of more than 5000 women and their husband. We provided employment to 50 weavers. We achieved a sales of Rs.10 lakhs in Tusser silk products. We achieved a sales of Rs.25,00,000 through sale of Banana and Vermicompost. Through our procurement initiatives, we provided benefits of better prices to 400 farmers. We have a team of 40 people engaged in these operations. We have our offices at Bhagalpur, Patna and Daudnagar.

We have just started to get a feel of canvas of Bihar which we will be painting with developmental activities. We are again rejuvenated and feeling like fresh and beginner. Its a great feeling to say no and feel secure that we have enough on plate. Financially , the things are improving. We have lined up nine lending agencies over last three years and many grant making agencies . The BDT group has a corpus equity of Rs.30,00,000 through contributions from promoters, friends, well wishers, grant making agencies etc.

It does not means that we do not need financial support from you. You can keep contributing to Bihar Development Trust. Its an idea to build an organisation like TATA or infosys scale in Bihar and its foundation has been laid. We have to go through lot of struggles and challenges in future and we have to mentally prepared for it. Each stage of organisation life cycle brings its own challenges. We are going to consolidate and spread BDT culture in our 5 offices stretched across Bhagalpur, Patna and Aurangabad. We want to create a culture of excellence and never give up attitude in BDT Group. At this stage, I would like to sincerely thank all the colleagues of BDT group from office boy to accounts and MIS to area managers for their contribution in BDT growth. The chant of Jai Bihar in our offices and group meeting fills our heart with Pride.

Bihar is rising from Phoenix and Its an idea whose time has come.

Jai Bihar!!!!

Jai Bharat!!!

Thank you all for reading the mails. We will keep sharing updates with you. We thank our donors for keeping faith in us. We need your continuous Feedback.

Regards

Dr. Ravi Chandra