Government Schemes: Empowerment of women in villages through government schemes, 16 percent took home loan

In 20 districts, the highest number of women taking loans has been in small towns. Out of this, 6 districts are from Chhattisgarh, 3-3 districts are from Gujarat and Haryana. The average population of women in the total population here is 49 percent.

• The home loan portfolio grew at the rate of 10 per cent in 2022. The growth rate of the third and fourth tier cities was higher than the first and second tier cities. The prices of houses had also increased more last year in Tier III and IV cities.

Expansion

Empowerment of the women of the villages is happening rapidly through the government’s proprietary scheme, Pradhan Mantri Awas Yojana. Women are coming forward in taking home loans from smaller districts. According to a report by SBI, 16 per cent of women have taken home loans for the first time in small towns.

In some districts, the number of women taking home loans exceeds 80 per cent. The growth rate of new loans in Tier III and IV cities in FY22 was 36 per cent as against 33 per cent in 2019. The number of women taking home loans has increased rapidly in smaller districts.

Home loan portfolio grows 10% in 2021-22

In 20 districts, the highest number of women taking loans has been in small towns. Out of this, 6 districts are from Chhattisgarh, 3-3 districts are from Gujarat and Haryana. The average population of women in the total population here is 49 percent.

• The home loan portfolio grew at the rate of 10 per cent in 2022. The growth rate of the third and fourth tier cities was higher than the first and second tier cities. The prices of houses had also increased more last year in Tier III and IV cities.

Maximum increase in 6 districts of Uttar Pradesh

In the fourth level districts, the maximum increase in debt has been in 6 districts of Uttar Pradesh. These include Etawah, Barabanki, Pilibhit, Chandauli, Mirzapur and Amroha. There is a high demand for loans of Rs 30-50 lakh and Rs 50 lakh to Rs 1 crore in tier III districts. However, the highest growth in new home loans in 2022 as compared to FY19 has been in the districts of Punjab, Haryana. The home loan market is Rs 24 lakh crore. Doubling in five years to Rs 48 lakh crore.

Home loan taken most in these districts

The prices of houses increased more in these districts

(increase in percentage)