SEWA Cooperative Bank was first initiated in ______ in 1974.

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  1. Varanasi
  2. Ahmedabad
  3. Chennai
  4. Jaipur

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Option 2 : Ahmedabad
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The correct answer is Ahmedabad.Key PointsSEWA Cooperative Bank:

  • It was initiated in Ahmedabad in 1974 specifically to offer small loans to low-income women.
  • SEWA stands for Self Employed Women's Association.
  • The International Labour Organization recognized this program as a microfinance movement.
  • It has empowered women via skill development and training, assisting in their rehabilitation throughout personal, political, and even social crises.
  • It encouraged cooperative textile production, consumption, and marketing—the fundamentals of India's industrialization.

Additional InformationVaranasi:

  • Benaras or Kashi are other names for it.
  • It is in the southeastern part of Uttar Pradesh.
  • It is one of the seven holy towns of Hinduism and is situated on the left bank of the Ganges (Ganga) River.
  • It is among the world's oldest cities to have been inhabited continuously.
  • It is credited as the birthplace of Ayurveda.

Chennai:

  • It is located on the Coromandel Coast along the Bay of Bengal.
  • It serves as Tamil Nadu's capital.
  • The seven massive Dravidian-style temples located in the city's George Town, Mylapore, and Triplicane districts are the most recognizable structures in the entire area.
  • The Parthasarathi Temple, constructed by Pallava rulers in the eighth century, is the oldest temple in the city.

Jaipur:

  • It is the capital of Rajasthan.
  • It is also known as Pink city.
  • It is known across the world for its colored gems.
  • It is planned by Vidyadhar Bhattacharya.
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