MicroSave Consulting (MSC), TransUnion CIBIL, and NITI Aayog's Women Entrepreneurship Platform (WEP) collaborated to publish the research
Important Points to Remember
Consistent Growth in Female Borrowers: Due to rising demand, the number of female borrowers increased by about three times between 2019 and 2024.
Demographics of Women Borrower: 60% of women borrowers are from semi-urban or rural areas.
Women under 30 make up only 27% of those who take out retail credit, while men make up 40%.
Regional Status: Southern states have larger shares of women borrowers as compared to Northern and Central States.
Rise in Awareness: 27 million women borrowers had examined their credit information and score with CIBIL.
Problems with Credit Aversion for Female Borrowers:
The suggestions
Increase the number of women who can obtain business loans by implementing measures for cheap lending, gathering data that breaks down sex, and increasing guarantee coverage. Create Gender-Intelligent Financial Products by creating customized solutions that take into account the requirements of women throughout their lives as well as societal conventions and systemic obstacles. Rethink Credit Risk Assessment: Prevent gender prejudice by utilizing AI and big data. Encourage digital transactions, recordkeeping, and business formalization to increase credit readiness
Punjab launches India’s first anti-drug curriculum in schools
Transgender student enrollment sees sharp rise in schools and colleges
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
IIM Jammu partners with NHPC to boost executive education and research collaboration
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
Voices for justice met with force: Aspirants thrashed, teachers detained as outrage over SSC mismanagement explodes
Trump’s tariff twist: US gives Pakistan, Bangladesh better trade terms than India
'Operation Mahadev' exposes Pakistan link: Phones, LoRa devices reveal trail of terror in Pahalgam
Punjab launches India’s first anti-drug curriculum in schools
Transgender student enrollment sees sharp rise in schools and colleges
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
IIM Jammu partners with NHPC to boost executive education and research collaboration
NIA nabs key accused in massacre of Meitei women, children that shook Manipur
Race for VP begins after Dhankhar’s sudden exit; EC sets September 9 poll date
Voices for justice met with force: Aspirants thrashed, teachers detained as outrage over SSC mismanagement explodes
Trump’s tariff twist: US gives Pakistan, Bangladesh better trade terms than India
'Operation Mahadev' exposes Pakistan link: Phones, LoRa devices reveal trail of terror in Pahalgam
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech