About Us

Origin of Society


In April 2003, Priya Sakhi Mahila Sangh (PMS) realized that women of unorganized sector and rural community are not having any organized source for linked with financial services as and when required. With the growing demand for Microfinance, General finance and other Financial products and services for this privileged class of society and specially for women the PSMS, Indore would face lot of limitation to serve these all Financial services to its SHGs women beneficiaries per their need and capacity.

Hence, the management decided to promote a cooperative society especially for SHGs women members for providing all these products and services and also providing livelihood services and capacity building programs to ensure their integrated and sustainable development of women members of SHGs through co-operative. Therefore, in 2006, PSMS got registered a co-operative society i.e. PSVSSSM, Indore.

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Registration and establishment

The psvssm was registered under M.P. swayatta sahakarita Adhiniyam 1999 on 7th July 2006 and registration no JR/IND/214 was aloted to PSVSSM.

After desolation of M.P Swayatta Sahakarita Adhiniyam 1999 by M.P Govt, it was converted in M.P. Cooperative Society Amended Act 2012 (No. 12 Year 2013) and M.P. cooperative society Rule 1962 since 5th September 2013 by M.P Govt. and new Registration No. JR/IDR/2013/221/dated 5 Sept. 2013 allotted to our cooperative society PSVSSM.

With the approval of AGM 2017 our society submitted amendment proposal of our Byelaws to the cooperative department (JR office Indore) for sanctioned. Cooperative Department Sanction and Registered the amendments, A copy of which we received. As a result of this our Society has changed its name in 2017. The new changed Name and Regt no of PSVSSSM as per M. P. Cooperative society Act 1960(No.17) and as per the Rule 07 is “Pratigya Mahila Samanvit Vikas Bachat avam Sakh Sahakari Sansatha Maryadit (PMSVBASSSM) and Reg. Address is 23-26 Rajabag colony, Kushwah Nagar Main Road, Indore and new Regt. No. is JR/IDR/2017/221.

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PMSVBASSSM has a team which is specially engaged in providing welfare activities, Education, Training and development, Livelihood promotion etc. and other social issues have been also focused with financial activities for ensuring the integrated and sustainable development of members.

PMSVBASSSM activities are primarily aimed at eradicating poverty with particular emphasis on empowering women through financial inclusion and livelihood. PMSVBASSSM’s interventions are focused around its 4 special areas of:


  • Women Empowerment through financial inclusion
  • Imparting financial literacy to poor households
  • Livelihood Promotion
  • Health and Education