Sewa Bank exists to reach to maximum number of poor women workers engaged in the unorganized sector and provide them suitable financial services for socio-economic empowerment and self development, through their own management and ownership.
Self- employed women workers are caught in the vicious circle of poverty; of indebtedness, assetlessness, and low-income levels. A possible solution to free these women from this vicious circle was by directly linking them with the nationalised banks. But the formal sector institutions were unable to meet the financial needs of women workers adequately for a number of reasons. These included complicated forms, which were largely inaccessible to illiterate women, need for high levels of collateral to get credit etc. Since the formal Financial Institutions failed to meet the needs of women workers, SEWA Bank came forward with informal delivery mechanisms for loans, savings and insurance which help these women in coming out of this cycle.