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