In which city was the SEWA Cooperative Bank first initiated in 1974?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Ahmedabad.
The SEWA Cooperative Bank was first initiated in Ahmedabad in 1974. Established by the Self-Employed Women’s Association (SEWA), the bank was created to provide financial services to women working in the informal sector. It aimed to empower these women by offering them access to credit, savings, and other banking services, thus helping them manage their financial resources more effectively and support their economic activities. The bank has played a crucial role in the economic empowerment of women in Gujarat.