• Mon, March 3, 2025

Women in India increasingly seeking credit, monitoring credit scores: Report

NITI Aayog CEO BVR Subrahmanyam today launched the report titled "From Borrowers to Builders: Women's Role in India's Financial Growth Story".
The article from LiveMint discusses a notable trend in India where women are increasingly engaging with financial services, particularly in seeking credit and monitoring their credit scores. According to a report by Home Credit India, there has been a significant rise in women applying for loans, with a 21% increase in female loan applicants over the past year. This surge is attributed to greater financial awareness among women, facilitated by digital platforms that provide easy access to credit and credit score monitoring tools. The report highlights that women are not only seeking loans for personal needs but also for entrepreneurial ventures, indicating a shift towards financial independence. Additionally, the use of digital tools for credit management has empowered women to make informed financial decisions, thereby enhancing their financial inclusion and literacy.

Read the Full Mint Article at:
https://www.livemint.com/economy/women-in-india-increasingly-seeking-credit-monitoring-credit-scores-report-11740992712686.html

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