Latest Breaking News On - Mumbai maharashtra india august 3 ani prnewswire over 22 per cent of small businesses that availed loans in fy 2022 were run by women - Page 1 : vimarsana.com
Mumbai (Maharashtra) [India] August 3 (ANI/PRNewswire): Over 22 per cent of small businesses that availed loans in FY 2022 were run by women, signifying an increase in women business owners, as per the latest annual NeoGrowth Social Impact report. This report explores the direct positive social impact of NeoGrowth's business activities on employment generation, empowerment of women entrepreneurs, improvement of credit scores, and making credit accessible to MSMEs. This is the 8th edition of the Report, which covers data for FY 2021-22. With the knowledge of health and wellness at an all-time high even in the MSME community, 92 per cent of the company's 20,000+ borrowers availed healthcare coverage in FY 2021-2022. Loan disbursals to women borrowers have grown exponentially at a CAGR of 72 per cent since FY 2015, signifying gender equality. The company also supported the Government's financial inclusion agenda, by advancing 60 per cent loans to emerging small businesses that