SEWA Bank aims for million members

Jayashree Vyas, MD, talks about the business model and technology

- Mehul

Jayshreeben Vyas updates that SEWA Bank has reached average 25,000 UPI transactions per month in just 3 years of launching services

The Self-Employed Women's Association (SEWA) was registered trade union in Gujarat in 1972 when a group of self-employed women, residing in Ahmedabad, first formed their own organization. In May 1974, SEWA Bank was registered as a cooperative bank under the dual control of Reserve Bank of India and the state government. Jayshree Vyas, a qualified chartered accountant has been working as managing director of Shri Mahila SEWA Sahakari Bank since 1986 for economic empowerment of underserved women. During her tenure, she has taken various initiatives to uplift economic status of these women, such as introduction of integrated micro insurance and micro pension for social benefit and introduction of financial and entrepreneurship literacy program to provide in depth financial and business knowledge.

SELF-EMPLOYED, UNORGANIZED