Number of women seeking business loans tripled in last 5 yrs: Cibil report

The number of women borrowers grew at a CAGR of 15% during this period, that of male borrowers by 11%; share of women rose from 25% in 2017 to 28% in 2022

The number of women seeking loans to build their own businesses tripled over the past five years, credit research firm TransUnion Cibil said in a report on Monday. The study added that the number of women borrowers grew at a compounded annual growth rate (CAGR) of 15 per cent during this period. That of male borrowers was up 11 per cent.

“Our most recent analysis shows rapid growth in credit uptake by women across India’s rural and semi-urban geography. The share of women borrowers has increased from 25 per cent in 2017 to 28 per cent in 2022,” TransUnion Cibil