Tamil Nadu has highest share of women borrowers: Niti Aayog report
The Hindu
NITI Aayog report shows Tamil Nadu leads in women borrowers, with 44% share, prompting call for increased credit flow.
Tamil Nadu has the highest share of women borrowers at 44%, as per report released by NITI Aayog on Monday
Southern States have higher shares of women borrowers with at least one live loan in their wallet – Tamil Nadu (44%), Andhra Pradesh (41%), Telangana (35%), Karnataka (34%) as compared to 31% of women at an overall country level as of December 2024, the report titled ‘From Borrowers to Builders: Women’s Role in India’s Financial Growth Story’, said.
The report has been published by TransUnion CIBIL, Women Entrepreneurship Platform’s (WEP) of NITI Aayog and MicroSave Consulting (MSC).
Tamil Nadu witnessed a 10% compounded annual growth rate in live women borrowers over the last five years, the report said. Maharashtra’s share of women borrowers is 30%, while Rajasthan is at 26%, Madhya Pradesh is 25% and Uttar Pradesh is 23%. Northern and central States (Rajasthan, Uttar Pradesh and Madhya Pradesh)have witnessed high compounded annual growth rate in live women borrowers over the last 5 years, but their share of women at an overall country level remains low, the report said.
Read also: Women entrepreneurs from T.N., second highest in the country: Minister
As of December 2024, 27 million women borrowers in India have monitored their credit information report and score with CIBIL, marking a 42% increase from the previous year, it said.
In 2024, Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh and Telangana accounted for 49% of all self-monitoring women, as per the report. Tamil Nadu accounted for 11% .
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