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
Majority of the women entrepreneurs face challenges in availing loan services from nationalised banks, according to a study. The study was conducted by Bharatiya Yuva Shakti Trust (BYST) and saw the participation of 450 women entrepreneurs from three cities -- national capital region, Chennai and Pune. During the study, it was also found that about 60 per cent of these entrepreneurs faced problems in accessing critical financial services. "Eighty-five per cent of women entrepreneurs faced challenges in availing loan services from nationalised banks," the study claimed. It was conducted during the course of a three-year BYST Women Entrepreneurship Development Programme to set up profitable businesses in Chennai, Pune, and Delhi-NCR. "Public sector banks are happy to welcome loan applications of BYST assisted, under-privileged entrepreneurs who are well-trained...and duly scrutinised by our expert panel before submission to the banks," Lakshmi Venkataraman Venkatesan, Managing Trust
Overall retail loans increased by 17% in 2015, says Equifax's India Consumer Credit Trends