Women borrowers up 22% since 2019, majority from semi-urban, rural: Report

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Women borrowers up 22% since 2019, majority from semi-urban, rural: Report - Business Standard

Quick Summary:

The report titled 'From Borrowers to Builders: Women's Role in India's Financial Growth Story', released by NITI Aayog CEO B V R Subrahmanyam also showed bulk of their loan was for meeting consumption demand and comparatively less for businesses.

Women borrowers in India have grown at a compounded growth rate of 22 per cent over the last 5 years with majority of them from semi-urban and rural areas, who are also actively monitoring their credit scores, a report said on Monday.

"The number of women availing credit in India has increased at a compound annual growth rate (CAGR) of 22 per cent between CY 2019 and 2024.