Pratigya Mahila samanvit Vikas Bachat avam Sakh sahakari sansatha Maryadit (PMSVBASSSM) has been formed by PriyaSakhi Mahila Sangh Indore (M.P). It has been registered under M.P. Swayatta Sahakarita Adhiniyam 1999, in 7th July 2006 registration no was JR/IND/214, but now because of desolation of M.P Swayatta Sahakarita Adhiniyam 1999, it has been converted in M.P. Cooperative Society Amended Act 2012 since 5th September 2013 by Cooperative department. The new changed Name and Regt no of PSVSSSM as per new Act is “Pratigya Mahila Samanvit Vikas Bachat avam Sakh Sahakari Sansatha Maryadit and Regt. No. is JR/IDR/2013/221.
In April 2003, Priya Sakhi Mahila Sangh (PMS) realized that with the growing demand for microfinance, general finance and other Banking products and services, the society would face lot of limitation to serve these all services to our SHGs hence, the Board of Directors decided to shift these all products and services from firms and society to co-operative structure and also providing livelihood services to the community and organize capacity building programmes through co-operative institution. There-fore in 2006, PMS got registered a co-operative society PMSVBASSM
PMSVBASSSM has a three member team specially engaged for providing activity based training to its members. These training are conducted under Micro Enterprise Development Programme (MEDP) on various activities including sweet box making, garment stitching. Regular Health camps are also conducted and given general medicine to the attended members.
PMSVBASSSM activities are primarily aimed at eradicating poverty with particular emphasis on empowering women. Revolving around these objectives and stakeholders, PSVSSSM’s interventions are focused around its 4 thematic areas of:
- Women Empowerment through financial inclusion
- Imparting financial literacy to poor households.
- Livelihood Promotion
- Health
Vision
To empower the poor women in rural areas, to improve their economic and social status and increasing their opportunities for making productive economic investment. The long-term vision of PMSVBASSM is to build a society ‘where citizens have equal and sufficient economic and social opportunities to improve their standards of living and where they can contribute productively towards the overall development of the country’.
Mission
Develop the clients’ literacy and financial literacy to move from informal banking to formal banking by providing quality and innovative financial, non financial and banking services and provide the accessible social security products (Insurance, Pension etc.) to secure the future uncertainties.
Goals and Objectives
- To act as a major Co-operative Federation of Women Self Help Groups of the state of Madhya Pradesh running Micro Finance and entrepreneur development activities.
- To provide fully computerized Micro Finance services to members.
- To promote women Self Help Groups and organize human resource development programmes for their efficient management.
- To offer accessible social security products like life and health insurance, pension etc. to protect the members’ families from future uncertainty.
- To promote principal and sustainable livelihoods to its members
- To empower under privileged rural communities and under developed and backward society.
Organizational Values
What follows below is the list of core values that shall guide PMSVBASSM, with a short description for each one of them:
- Service: PMSVBASSM will strive to provide efficient, convenient and timely service to its members
- Honesty: PMSVBASSM will be honest in its workings and in dealing with its members and other stakeholders, as well as in terms of reporting and information management
- Attitude: PMSVBASSM will strive to achieve the highest degree of member service in workings with members
- Knowledge: PMSVBASSM will strive to know the needs of members to serve them in most efficient and convenient way
- Transparency: PMSVBASSM will provide complete and accurate information to its members and external stakeholders about financial and livelihood support services
- Integrity: PMSVBASSM will endeavor to empower members by providing financial and livelihood support services in a manner that is ethical, dignified, equitable and cost effective.