Number of women increasing rapidly in terms of loans, 28 percent of retail borrowers are women

Number of women increasing rapidly in terms of loans, 28 percent of retail borrowers are women
New Delhi With the changing times, women are increasing their participation in various fields. Now the amount of girls is additionally increasing in terms of taking retail loans. consistent with the report, 28 percent of the retail borrowers are women. this is often a symbol of monetary inclusion of girls . Industry figures show that since 2014, women's dependence on external finance has increased at a rate of 21 percent.

According to the discharge released by agency Transunion Cibil on Monday, the amount of girls borrowing within the retail loan market has reached 4.7 crore at this point . Also, the share of girls in retail loans has increased to twenty-eight percent by September 2020, from 23 percent in September 2014. during this way, the amount of girls taking retail loans has increased rapidly during the last six years. this means that the inclusion of girls within the debt market is increasing.


According to the info , the amount of girls taking retail loans is increasing by 21 percent year-on-year, while the amount of men taking retail loans has increased by 16 percent year-on-year during this era . Talking about the loan amount sanctioned, the share of girls borrowers during this time has reached Rs 15.1 lakh crore. during this way, during the last six years, it's increased by 12 percent on an annual basis.

Harshala Chandorkar, chief operating officer (COO) of Transunion CIBIL, said, "As women's share within the workforce increases, the government's policies and measures have increased women's access to economic opportunities." As a result, the share of girls within the retail lending market has increased.


Chandorkar further said that some states are charging less stamp tax to women who buy houses, also as better terms and conditions are being offered by banks to women taking loans. In many banks, women also are being given some rebate in interest on loans. of these factors have led to a rise within the share of girls within the retail loan market

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