Published on Mar 4, 2025
Current Affairs
Women’s Role in India’s Financial Growth Story”
Women’s Role in India’s Financial Growth Story”

♦ NITI Aayog CEO BVR Subrahmanyam unveiled a report titled “From Borrowers to Builders: Women’s Role in India’s Financial Growth Story” on 3 March 2025. It highlights a significant rise in financial awareness among women, with 27 million actively monitoring their credit as of December 2024—a sharp 42 percent increase from the previous year (2023).

♦ The report, jointly published by TransUnion CIBIL, the Women Entrepreneurship Platform (WEP) of NITI Aayog, and MicroSave Consulting (MSC), underscores a positive trend in women’s participation in the financial ecosystem.

♦ Women’s share in the total self-monitoring credit base rose to 19.43 percent in December 2024, up from 17.89 percent in 2023. Notably, non-metro regions outpaced metro areas in self-monitoring growth, with a 48 percent rise compared to 30 percent in urban centers.

♦ Geographically, Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh, and Telangana accounted for 49 percent of self-monitoring women, with the southern region leading at 10.2 million. Northern and central states, including Rajasthan, Uttar Pradesh, and Madhya Pradesh, recorded the highest compounded annual growth rates (CAGR) in active women borrowers over the last five years.

♦ The report also highlights a shift in borrowing patterns. Since 2019, women’s share in business loan origination has increased by 14 percent, while their share in gold loans has grown by 6 percent. By December 2024, women are projected to account for 35 percent of business borrowers, reinforcing their role as key contributors to India’s economic growth.