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International Women’s Day: The women of the country are now more aware of their rights than before. Women are becoming financially independent along with being empowered. However, women of Kerala are at the forefront in this matter. We are not saying this, but it has been revealed in a report of NITI Aayog.
Women managed by credit profiles
The NITI Aayog report with the title ‘From Borrowers to builders – Women’s Role in India’s Financial Growth Story,’ highlighted the increasing financial freedom among women across the country. It was told how women of Kerala are better managing their credit profiles.
Their stake in the women’s borrowers of the country is 6 percent. Whereas in this case they are ranked sixth in the whole country. The state’s commitment to financial inclusion and empowerment reflects, while Kerala’s population is relatively low compared to many other big states. It is clear that the share of women in the loan market is increasing.
These states stake in women borrowers
Maharashtra has the highest number of 15 percent number of women borrowers. This is followed by Tamil Nadu in second place with a stake of 11 percent, Karnataka is third with a share of 9 percent. Their stake in Uttar Pradesh and Telangana is 7 percent. It was also told in the report that 44 percent of women in the state have seen improvement in their credit score in six months. This shows how fast the financial awareness is increasing among the women of the state.
In this study of NITI Aayog, it was also found that women borrowers in Kerala are the most urban areas, followed by women from rural and urban areas. Experts believe that taking loans of women is necessary for the country’s economy as well as social development.
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