Support Indian Grameen Services;

% Spent on Beneficiaries

85%

HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.

NGO Details

Year of Establishment	:	1987
Registered Address	:	Indian Grameen Services, BC-247, Sector-1, Salt Lake City, Kolkata 700064, West Bengal
Presence	:	Andhra Pradesh, Assam, Jharkhand, Madhya Pradesh, Manipur, Mizoram, Orissa, West Bengal
Website	:	https://www.igsindia.org.in
Email	:	nidhi.bansal@basixindia.com, info@igsindia.org.in, hradmin.igs@basixindia.com
Telephone	:	+91 33-23596264
Donor Contact	:	Arijit Dutta / +919831004016 / arijit.d@basixindia.com
Registered Under	:	The Companies Act, 1956
Auditor	:	V. Nagarajan & Co.
Bankers	:	IDBI Bank, State Bank of India, Canara Bank
Trustees/Directors/Managing Committee:	:	Ms. Swati Bhargava Desai - Chairperson, Mr. Sattaiah Devarakonda - Director, Mr. Vijay Kulkarni - Director, Mr. ID Prasad - Director

Programs

Indian Grameen Services (IGS) is engaged in developing, pilot-testing, and incubating innovative livelihood promotion solutions for the poor. Their operations are broadly divided into two major thrust areas involving Grant-based development support and Fee-based business support services to augment, expand and achieve scales in the field of Livelihood promotion. IGS works with small and marginal farmers, tribal forest dwellers and women in and across India to help them enhance incomes through a four-pronged strategy.

Major Interventions:

Livelihood Triad Services: The aim is to promote and support microfinance and livelihood initiatives of the Community-Based Organisations (CBOs), community-based Microfinance Institutions (MFIs) and upcoming NGO-MFIs in India. IGS provides (i) Financial inclusion services like savings, credit, remittances, insurance, etc. (ii) Institutional development (iii) Technical support services like market linkages, skills to expand, support for collaborations, etc.

Contingency Approach: IGS has been involved in development of new products and channels for extending financial services to poorer households. It first identifies the bottlenecks in achievement of sustainable livelihoods; thereafter it designs market-based solutions that address those challenges and constraints. The solutions that are developed often converted into tools and techniques as well as products and services, which are subsequently incubated as ready-to-integrate development models for use by other organizations engaged in livelihood promotion or as independent institutions at together.

Development Activities: Research & Development for identifying appropriate livelihood opportunities are carried out, and intervention points for supporting rural producers. In addition, IGS builds the implementation capabilities of various Institutions, enabling them to deliver cost-effective livelihood promotion activities, either directly or by collaborating with agencies that influence the livelihoods of a large number of people.

Agriculture & Natural Resource based Livelihood: Farmers owning small and marginal landholdings are the largest impact group that IGS caters to. The NGO works with rural, resource-constrained communities, farmers with marginal and small landholdings, and those dependent on forests for their day-to-day living aimed at integrated management of natural resources being the foundation for boosting sustainable food production and productivity, as they improve the overall ago-ecological environment for production, reduce risks for agri-producers, and ensure availability of key agri-inputs naturally.

Financials

FY 2020 (₹)

FY 2021 (₹)

FY 2022 (₹)

Income and Expenditure Statement 2,740,700 5,505,513 1,041,000

Income
Government Sources	-	-	-
Foreign Sources	-	-	-
Institutional Sources	-	-	35,106,000
General Donations	105,784,280	97,555,747	-
Sales/Fees	26,377,177	18,364,492	43,138,000
Interest/Dividend	-	-	6,287,000
Other Income	-	-	11,461,000
Total Income (A)	132,161,457	115,920,239	95,992,000

Expenditure
Direct Program Activities	61,763,573	45,899,803	13,946,000
Program Staff Cost	60,321,251	59,467,261	63,178,000
Travel Expenses	-	-	4,001,000
Direct Program Expenses	122,084,824	105,367,064	77,124,000
Fund Raising Expenses	-	-	-
General Staff Cost	-	-	1,719,000
Overhead Expenses	3,233,698	4,476,754	11,551,000
Depreciation	378,822	438,893	340,000
Other Expenses/Transfers	3,723,413	132,015	216,000
Total Expenditure (B)	129,420,757	110,414,726	94,951,000

Surplus / Deficit (A-B)	2,740,700	5,505,513	1,041,000

Balance Sheet 404,628,619 376,276,712 342,575,000

Assets
Fixed Assets	24,810,559	24,835,652	24,672,000
Current Assets	199,256,572	190,376,892	155,723,000
Cash And Bank	180,561,488	161,064,168	34,288,000
Total Current Assets	404,628,619	376,276,712	214,683,000
Investments	-	-	127,892,000
Accumulated Deficits	-	-	-
Total Assets	404,628,619	376,276,712	342,575,000

Liabilities
Trust Corpus	51,094,762	52,037,571	53,128,000
General Funds	63,413,472	65,028,554	61,434,000
Earmarked Funds	-	-	94,099,000
Unutilized Grants	90,177,431	92,638,469	6,170,000
Total	204,685,665	209,704,594	214,831,000
Loans	-	-	42,722,000
Loans (From Members)	-	-	-
Current Liabilities	199,942,954	166,572,118	85,022,000
Other Liabilities	-	-	-
Total Liabilities	404,628,619	376,276,712	342,575,000

Financial Notes

1) Foreign Sources have been taken from the Receipts & Payments account.
2) Sales/Fees mainly include revenue for extending financial services as Business correspondants to other NGOs, Institutional development income, Interest on loans to NGOs, and Rental income.
3) Other income includes unbilled revenue, liabilities write off, IT refund, etc.
4) Detailed Breakup of expenditure is not provided for FY20 & FY21.
5) Other Expenses/Transfers mainly include Bad-debts written off, Loss on foreign exchange fluctuation, Provision for non-performing assets and unrecovered advances, and Prior period items. Tax expense and Deferred tax have also been included under this head.

Additional Information

	FY 2020	FY 2021	FY 2022
Beneficiary Details
Direct Beneficiaries (nos.)	-	-	-
Indirect Beneficiaries (nos.)	-	-	-
Average Cost per Direct Beneficiary (₹)	-	-	-
Staff Details
No. of Staff	-	-	-
Number of Consultants	-	-	-
Number Of Volunteers	-	-	-
Total	-	-	-
Highest Paid Full-Time Staff (₹ p.a.)	-	-	-
Lowest Paid Full-Time Staff (₹ p.a.)	-	-	-

Trend Analysis

Peer Comparison

NGO Name	Sector	Sub Sector	Location	% Spent on Beneficiaries	Income (₹)	Expense (₹)
	Kherwadi Social Welfare Association (Yuva Parivartan)	Livelihood	Vocational Training	Maharashtra	95	163,087,824	162,476,171
arr4
	Sumruddhi Trust	Livelihood	Self Help Groups - Women	Maharashtra	93	688,559	703,700
	Sita Devi Foundation	Livelihood	Financial Inclusion	Delhi	91	1,357,079	1,343,079
arr2
	Indian Grameen Services	Livelihood	Financial Inclusion	West Bengal	85	95,992,000	94,951,000
	ETASHA Society	Livelihood	Vocational Training	Delhi	80	37,693,394	55,052,696
arr3
	Outreach Association of Volunteers for Rural Development	Livelihood	Comprehensive	Karnataka	79	24,575,785	26,071,792

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Indian Grameen Services