Women borrowers in India are becoming a major driver of credit demand, with their share of total system credit reaching ₹76 lakh crore (approximately $9.1 trillion USD) by 2025, which is 26% of the total. This marks a nearly five-fold increase since 2017, as highlighted in a joint report by TransUnion Cibil, Niti Aayog’s Women Entrepreneurship Platform, and MicroSave Consulting. The report indicates that the number of women accessing formal credit has grown at a compounded annual growth rate (CAGR) of 9% during this period. Notably, outstanding credit for women has risen 4.8 times, compared to a 2.9 times increase in overall credit, showcasing a faster expansion in women-led borrowing. Additionally, women's share in retail loan originations increased from 24% in 2022 to 27% in 2025, with the share of new-to-credit women borrowers rising by 10 percentage points to 38%. This growth is attributed to advancements in digital infrastructure that have facilitated easier access to loans and information, thereby enhancing women's participation in the financial system. Furthermore, the number of women with active business-purpose loans has surged at a CAGR of 31% over the past three years, indicating a shift towards enterprise-led economic activity.