The growth rate of women borrowers has been more rapid than men, showing huge potential for lenders to provide credit access and drive financial inclusion.
The Reserve Bank of India has come out with its quarterly statistical report. Industrial and retail loan show an upward growth. Number of women borrowers up by 13.9 per cent.
Number of women borrowers is increasing but they are still only 29 per cet of all borrowers, finds a TransUnion Cibil report on participation of women in India's retail credit market. Personal loans are the most popular.
