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    SEWA Cooperative Bank was first initiated in __________ in 1974.
    Question

    SEWA Cooperative Bank was first initiated in __________ in 1974.

    A.

    Varanasi

    B.

    Ahmedabad

    C.

    Chennai

    D.

    Jaipur

    Correct option is B

    Sol: The correct answer is (b) Ahmedabad 

    Key points:

    • SEWA Cooperative Bank was first initiated in Ahmedabad, Gujarat, in 1974.
    • It was established with the goal of providing financial services to women, particularly those in the informal sector, empowering them economically
    • ​The bank is a significant part of the Self-Employed Women's Association (SEWA), which is a trade union for women workers in the informal economy

    Information booster:

    Self-Employed Women's Association (SEWA):

    • ​SEWA has been instrumental in transforming the lives of millions of women in India by helping them gain financial independence, improve their living conditions, and assert their rights.
    • The organization continues to work towards creating a more equitable society, particularly for women in the informal workforce.

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