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Grameen Credit Score
February 9 , 2025
10 hrs 0 min
94
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- Grameen Credit Score is a framework to be developed for the credit needs of the members of Self-Help Groups (SHGs) and people in rural areas.
- Public Sector Banks will develop a ‘Grameen Credit Score’ framework.
- If the credit score of women associated with self-help groups is declared, they will be able to easily get more loans from banks.
- It aims to improve the repayment discipline and reduce fraud by providing a more accurate evaluation of borrowers in rural areas.
- It will strengthen the microfinance, boost financial inclusion, and support sectors like agriculture, rural development, and MSMEs.
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