As of December 2024, ______ million women in India were monitoring their credit, signalling growing financial awareness.
Show answer & explanation
Correct answer: A
Explanation
Financial Awareness among Indian Women -
According to credit information bureaus and recent financial reports (such as TransUnion CIBIL), approximately 27 million women in India were actively monitoring their credit scores and credit profiles as of December 2024.
The number of women checking their credit has seen a significant increase over the past few years. This indicates that women are now more aware of their financial health and future loans.
Key reasons:
1. Increasing access to digital banking and fintech apps (such as GPay, Paytm, CRED).
2. Taking advantage of 'women-friendly' loan schemes.
3. Better understanding of eligibility for home loans and car loans.