Umang Street Vendors Cooperative Society Limited, Bhopal

Umang Street Vendors Cooperative Society Limited is the result of the collaborative efforts of the Institute of Social Research and Development (ISRD) in its project on the rights and entitlements of social security schemes for individuals dependent on the informal economy in Madhya Pradesh. ISRD has been actively working towards uplifting the rights of unorganisedlabour since 2014, supported initially by ActionAid/European Union and currently by the Azim Premji Foundation. Through these projects, ISRD has closely engaged with street vendors, construction workers, and domestic workers in Bhopal, recognizing the need for an association or federation to ensure the sustainability of these efforts.

Umang Street Vendors Cooperative Society Limited is a cooperative society established to provide loans and savings services to street vendors in the city of Bhopal. Our society was formed on January 31, 2024, by representatives of 51 street vendors under the Madhya Pradesh Cooperative Societies Act of 1960 vide Registration No. DR/BPL/140633 dated 31/01/2024. Over the years, we have dedicated ourselves to ensuring the social security of street vendors, advocating for their rights, and implementing the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014. In this endeavor, we have received invaluable assistance and guidance from the Institute of Social Research and Development (ISRD). To date, we have formed groups of 110 street vendors, comprising a total of 3000 members. We have also assisted 96 members in obtaining loans totalling ₹660,000 under the Prime Minister's Self-Employment Scheme.

Committees: -
Umang Street Vendors Cooperative Society Limited operates under the guidance of two key committees:

1. Managing Committee: The Managing Committee, consisting of 11 members, is responsible for overseeing the day-to-day operations and management of Umang Street Vendors Cooperative Society Limited. Regular meetings of the Managing Committee will be conducted every quarter to review activities, address issues, and make decisions regarding the society's affairs.

2. Governing Body: The Governing Body, comprising 51 members, plays a pivotal role in setting the strategic direction and policies of the society, with a primary focus on ensuring the welfare of all members. Members of the Governing Body convene once annually in the Annual General Meeting (AGM) to discuss important matters, review progress, and plan for the future. Additionally, the election of the Managing Committee takes place after the completion of every three years, ensuring accountability and continuity in leadership.

In addition to these committees, we have established a Leaders' Advocacy Forum dedicated to addressing the rights and entitlements of street vendors. Furthermore, a Finance Committee has been formed, consisting of members from the Managing Committee, a representative of ISRD, the Finance Controller, and a representative from the Cooperative Department. This committee plays a crucial role in ensuring sound financial management and accountability within society.

Through the collaborative efforts of these committees and forums, Umang Street Vendors Cooperative Society Limited strives to create a supportive and empowering environment for street vendors in Bhopal.

Mission : Our mission is to empower street vendors collectively to access their economic, social, and cultural rights. We aim to provide appropriate financial services, promote cooperative values, and serve as a platform for collective interests and policy changes to benefit our members.


Umang Membership:
We invite all street vendors in Bhopal to become members of our society and join us in our transformative journey towards inclusive and resilient futures. Membership in the society is available for ₹50 as membership fees and ₹200 as a share contribution (₹100/- per share and a minimum of two(2) shares compulsory for membership)
Benefits of Membership
• Access to loans at low-interest rates
• Easy loan processing
• Savings account facility
• Financial education and training
• Assistance in business development
• Participation in social security schemes
• Other benefits aligned with our objectives


Achievement

 110 active street vendors collective consisting of 40 members in each group.
 3000 members have enrolled in 110 groups.
 96 Street vendors members have benefited PM Self-Employment scheme totalling ₹660,000/-
 Bank Account Opened at Bhopal Central Cooperative central Bank, Kolar Road,
 A total of 180 members took membership within the last six months.

By joining Umang Street Vendors Cooperative Society Limited, you become part of a movement dedicated to improving the lives and livelihoods of street vendors in Bhopal. Together, we can build a more equitable and empowered community.
Umang Street Vendors Cooperative Society Limited
House No.35-B, A-Sector, Sarvadharm Colony,
Kolar Road, Bhopal-462042,
email: usvsss221@gmail.com
Contact No.+91 7554867762