Access to finance is a fundamental enabler for women’s entrepreneurship: NITI Aayog CEO BVR Subrahmanyam
NITI Aayog on Monday said 27 million women were monitoring their credit, marking a 42% increase from the previous year, signaling growing financial awareness, citing a report published by TransUnion CIBIL, Women Entrepreneurship Platform’s (WEP) of NITI Aayog and MicroSave Consulting (MSC).
According to the statement issued by the Aayog, the report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story” highlights that women’s share of the total self-monitoring base increased to 19.43% in December 2024, up from 17.89% in 2023.
“More women from non-metro regions are actively self-monitoring their credit compared to those in metro areas, with growth of 48% in non-metro regions and 30% in metro areas,” it said.
As per the report, Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh and Telangana accounted for 49% of all self-monitoring women in 2024, with the southern region leading at 10.2 million.
“Northern and central states, including Rajasthan, Uttar Pradesh, and Madhya Pradesh, saw the highest compounded annual growth rates (CAGR) in active women borrowers over the past five years,” it added.
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