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.

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