Women are not only taking more loans but also repaying them on time. This trend is strengthening their financial position and boosting financial inclusion in India. In the coming years, women's participation in the loan market is expected to grow even further.
Women Outperform Men in Loan Borrowing and Repayment
Women in India have surpassed men in both borrowing and repaying loans. A report by the credit information company CRIF High Mark, released ahead of International Women’s Day, highlights this trend. The report states that the number of active female borrowers grew by 10.8% in 2024, reaching 83 million, compared to a 6.5% increase among men.
Women Excel in Loan Repayment
According to the report, women have demonstrated greater discipline in repaying various types of loans, including home loans, corporate loans, agricultural loans, tractor loans, property loans, and education loans. However, men still dominate the borrowing of gold loans and two-wheeler loans.
Government Financial Institutions and Banks Prefer Women Borrowers
In 2024, government financial institutions and banks showed more interest in lending to women. The total outstanding loan portfolio of female borrowers increased by 18% to ₹36.5 lakh crore. Despite this, women’s overall share in the total borrower segment remained stable at 24%.
Young Women Increasing Their Presence in the Loan Market
Women aged 35 or below contributed the most to loan origination. In 2024, their share in new loan disbursements rose to 43.8%, indicating that young women are actively moving toward financial independence.
Maharashtra Leads in Women’s Loan Borrowing
Among Indian states, Maharashtra ranked highest in terms of home loans, corporate loans, property loans, car loans, credit cards, and education loans taken by women. This suggests that women in Maharashtra are at the forefront of financial inclusion.
Impact of Women’s Growing Financial Participation
The increasing participation of women in the loan sector is a positive sign for India’s economy and social structure. It not only enhances women's financial independence but also accelerates economic growth. The government and financial institutions' initiatives to provide more credit to women will further strengthen their role in business and education.
Disclaimer: Prabhat Khabar does not provide investment advice regarding stock market purchases or sales. Market analyses are based on inputs from experts and brokerage firms. Readers should consult certified experts before making financial decisions.
