CRIF highlights women’s growing participation in India’s formal credit market is driving financial independence and supporting both personal and professional goals.

At the onset of International Women’s Day on March 8th’ 2025, CRIF High Mark brings to you trends and insights on women’s financial inclusion and independence as of Dec’24.

CRIF highlights that women’s growing participation in India’s formal credit market is driving financial independence and supporting both personal and professional goals.

Some of the key data points are as follows:
• The outstanding portfolio of women borrowers grew to ₹36.5 Lakh Crore in Dec’24, up from ₹30.9 Lakh Crore in Dec’23, registering a faster growth rate of 18%
• The number of women borrowers with active loans stood at 8.3 Crore as of Dec’24, with a YoY growth of 10.8%. In contrast, the number of men borrowers with active loans increased to 20.3 Crore as of Dec’24, with a YoY growth of 6.5%.
• Younger women borrowers (≤35 years) represent the highest share in originations volume, with a marginal decline from 44.3% in CY 2022 to 43.8% in CY 2024
• Public sector banks emerged as dominant players in lending to women in CY 2024.

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