The city of Sikar is located in between Agra and Bikaner in the Indian state of Rajasthan. It functions as the administrative headquarter of the Sikar District. It is known to be a historical city which contains many ancient architectural grandeur. The city is renowned for its art and culture. It had been the biggest Thikana or estate of the Jaipur state and was earlier was known by the name of Nehrawati. The historical city is surrounded by fortified walls that contain seven ?Pols? or gates. The primitive name of this city was ?Beer BhanKa Bass." The city experiences a semi-arid climate and hosts around 2.4 lakh residents. The city of Sikar is divided into 45 wards in order to ensure effective governance. The city is strongly connected to the rest of the country via roads and railway. Agriculture and animal husbandry are the main occupations in Sikar but the city has scope for industrial development in the future.
The Shamrao Vithal Co-op. Bank Ltd. or SVC Cooperative Bank Limited, is a banking company incorporated under the Companies Act, 1956 a scheduled bank, and one of the oldest Urban Co-operative Bank in India built in 1906. The bank was set up when co-operation was just started in the country. It was established with the primary aim of helping the less fortunate members of the community under the ambit of its economic enterprises. It was also to encourage savings and to create funds for providing financial aid to deserving members.Mr. Rao Bahadur Shripad Subbarao Talmaki was the chief architect of the Bank. The Bank was initially registered as a Co-operative Credit Society on 27 December 1906. The Bank is present in 10 States of India. Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat and Madhya Pradesh. In 1907, cumulative deposit scheme, fixed deposit scheme and saving bank deposit were introduced by the bank. After that in 1911, the facilities for remittance were made available to the members by the draft. In 1913, the cash credit scheme was introduced by the bank. In 1956, facilities were thrown open to all communities. In 1988, the Shamrao Vithal bank was conferred the scheduled bank status.