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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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