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Manoj Singodia

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Bridging the Gender Gap in Credit Access for Economic Growth

Despite a rise in women's access to credit from 7% in 2017 to 14% in 2022, they still represent only 28% of borrowers in India. Women face a higher loan rejection rate of 19% compared to 8% for men, largely due to lower workforce participation and home ownership. Focused initiatives and investments in women's education and skills could triple their credit portfolio by 2030, as highlighted by the recent $36 billion commitment from the Indian government for women's empowerment.
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United States Dollar Indian Rupee Apple Inc. IND Manoj Singodia Kinkini Roychoudhary
Finance & Economy, Market Report
06:11 05.12.2024
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