March 8

Report: India’s Woman Entrepreneurs Are More Likely to Get Loans Than Men

By Mimansa Verma

Women are making a mark in India’s startup ecosystem, with about 15% of all such ventures launched by them. They seem to be increasingly overcoming one of the biggest hurdles to entrepreneurship: access to credit.

In 2022, the number of women borrowers in India grew to 63 million, accounting for 28% of the total, showed a report published by credit information firm TransUnion CIBIL yesterday (March 6). Their share in semi-rural and rural regions rose to 62%. In 2017-2022, the highest growth of woman borrowers was in West Bengal (22%), Rajasthan (21%), and Bihar (21%).

Photo courtesy of clarividus.

Source: Quartz Africa (link opens in a new window)

credit scoring, financial inclusion, MSMEs, women entrepreneurs