Report : Business Loans Availed By Women Rise 25% In 2022
Home loans rose 20 per cent to Rs 30,52,041 crore or 32 per cent of the outstanding as of December 2022 from December 2021 when it was Rs 25,86,902 crore.
According to an analysis by credit data company Crif Highmark, the debt portfolio is led by property loans which rose 26 per cent on-year to Rs 7,88,827 crore or 29 per cent of the outstanding, and gold loans soared by 64 per cent to Rs 7,06,047 crore, or 42 per cent of the total, indicating the rising level of financial stress households are facing.
The share of women borrowers was 25.3 per cent as of December 2021.
Outstanding retail loan availed by women rose 25 per cent to Rs 26 lakh crore as of December 2022 from Rs 20.7 lakh crore a year ago, taking their share in overall retail borrowings to 26 per cent, an analysis showed.