HelpYourNGO
Indian Grameen Services
Livelihood
Financial Inclusion
No Tax Benefit
UN Sustainable Development Goals:
% Spent on Beneficiaries
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 |
| Website | : | https://www.igsindia.org.in |
| : | nidhi.bansal@basixindia.com, info@igsindia.org.in, hradmin.igs@basixindia.com | |
| Telephone | : | +91 33-23596264 |
| Donor Contact | : | Arijit Dutta (Managing Director) / +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 |
Presence
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
| Income & Expenditure Statement | |||
| FY 2020 (₹) | FY 2021 (₹) | FY 2022 (₹) | |
| 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 | |||
| FY 2020 (₹) | FY 2021 (₹) | FY 2022 (₹) | |
| 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.) | - | - | - |
Financial Overview:
Income and Expenses
Peer Comparison
| NGO Name | Sector | Sub Sector | Location | % Spent on Beneficiaries | Income (₹) | Expense (₹) | FY |
| Rural Human Development Centre (RHDC) | Livelihood | Self Help Groups - Women | Punjab | 99 | 247,082 | 242,708 | 2013 |
| AROHA Multipurpose Society | Livelihood | Self Help Groups - Women | Maharashtra | 99 | 1,317,812 | 1,288,168 | 2014 |
| United Artists' Association | Livelihood | Community Development | Orissa | 99 | 16,173,469 | 15,919,916 | 2014 |
| Gramin Evam Samajik Vikas Sansthan (GSVS) | Livelihood | Skill Development | Rajasthan | 99 | 39,974,347 | 39,466,936 | 2021 |
| Janmitram Kalyan Samiti | Livelihood | Agriculture | Chhattisgarh | 99 | 17,539,883 | 18,920,699 | 2013 |
| Indian Grameen Services | Livelihood | Financial Inclusion | West Bengal | 85 | 95,992,000 | 94,951,000 | 2022 |
