More Than Four Crore Loans Worth INR 4.8 Lakh Crore Taken by Women in 2024: NITI Aayog Report

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More Than Four Crore Loans Worth INR 4.8 Lakh Crore Taken by Women in 2024: NITI Aayog Report

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More Than Four Crore Loans Worth INR 4.8 Lakh Crore Taken by Women in 2024: NITI Aayog Report

//business-finance.news-articles.net/content/202 .. re-taken-by-women-in-2024-niti-aayog-report.html

Published in Business and Finance on Thursday, March 6th 2025 at 2:40 GMT by Entrepreneur
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The number of women borrowers availing retail credit has grown at a Compound Annual Growth Rate (CAGR) of 22 per cent between 2019 and 2024.

2025-03-06 195 x 130 / 6405 Bytes

The NITI Aayog report highlights a significant increase in women's financial empowerment in India, revealing that over four crore loans amounting to INR 48 lakh crore were taken by women in 2024. This surge in borrowing reflects a growing trend of women engaging in entrepreneurial activities and financial decision-making. The report underscores the role of government initiatives and financial inclusion programs in fostering this growth, with schemes like the Pradhan Mantri Mudra Yojana playing a pivotal role in providing credit access to women. The data indicates not only an increase in the number of loans but also a rise in the average loan size, suggesting that women are increasingly trusted with larger financial responsibilities. This development is seen as a positive step towards economic empowerment and gender equality in the financial sector.

Read the Full Entrepreneur Article at:
[ https://www.msn.com/en-us/money/smallbusiness/more-than-four-crore-loans-worth-inr-48-lakh-crore-taken-by-women-in-2024-niti-aayog-report/ar-AA1Ais5w ]