NITI Aayog Report: Women’s Credit Monitoring Surges 42%, Hits 27 Million in 2024

Current Context: The NITI Aayog report titled "From Borrowers to Builders: Women’s Role in India’s Financial Growth Story" highlights a significant rise in women’s financial awareness and credit monitoring.

• 42% Growth: As of December 2024, 27 million women actively monitored their credit, marking a 42% increase from 2023.
• Regional Insights: Non-metro areas saw a 48% rise in credit self-monitoring, compared to 30% in metro regions.
• Loan Trends: Women accounted for 35% of business borrowers, with notable growth in business and gold loans since 2019.
• Challenges: Barriers like credit aversion and collateral issues persist, emphasizing the need for gender-smart financial products.

Question:

Q.1 As per the NITI Aayog report "From Borrowers to Builders: Women’s Role in India’s Financial Growth Story", by December 2024, how many women actively monitored their credit?
a) 20 million
b) 27 million
c) 35 million
d) 42 million

Answer: b) The report states that 27 million women actively monitored their credit by December 2024, reflecting a 42% growth from 2023.