NITI Aayog Report: Women's Credit Monitoring Jumps 42% to Reach 27 Million in 2024.
National
On March 3, 2025, the Women Entrepreneurship Platform (WEP) of the National Institution for Transforming India (NITI) Aayog, in collaboration with TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) and Lucknow (Uttar Pradesh, UP)-based MicroSave Consulting (MSC), released a new report titled "From Borrowers to Builders: Women's Role in India's Financial Growth Story."
- The report, launched by B.V.R. Subrahmanyam, CEO of NITI Aayog, highlights a notable surge in financial awareness among women, with 27 million actively monitoring their credit as of December 2024, reflecting a 42% increase compared to the previous year.
- In December 2024, women's share in the total self-monitoring base increased to 19.43% from 17.89% in 2023. Non-metro women showed higher engagement, with 48% growth compared to 30% in metro areas. Additionally, Gen Z women led credit monitoring, recording a 56% year-over-year (YoY) increase.
- The number of business accounts opened by women surged 4.6 times, from 8 lakh in 2019 to 37 lakh in 2024. Business loan disbursements rose to ₹1.9 lakh crore in 2024, up from ₹0.7 lakh crore in 2019, though these loans accounted for only 3% of the total loans availed by women.
Main Point :- (i) Since 2019, women's share in business loan origination has grown by 14%, while their gold loan share increased by 6%. By December 2024, women made up 35% of business borrowers.
(ii) Maharashtra, Tamil Nadu (TN), Karnataka, Uttar Pradesh (UP), and Telangana contributed 49% of all self-monitoring women, with the southern region leading at 10.2 million in 2024.
(iii) Northern and central states like Rajasthan, Uttar Pradesh (UP), and Madhya Pradesh (MP) recorded the highest Compounded Annual Growth Rates (CAGR) in active women borrowers over the last five years.
About TransUnion CIBIL Limited
MD & CEO : Bhavesh Jain
Headquarter : Mumbai
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