According to a report by Niti Aayog, TransUnion CIBIL, and MicroSave Consulting, women now account for 26% of India's credit system, with their outstanding credit portfolio expanding from ₹16 trillion in 2017 to ₹76 trillion in 2025. The report highlights a structural transformation in India's credit ecosystem, driven by a growing number of women borrowers, which has reached approximately 16 crore. The credit penetration among women has increased from 19% to 36% during this period, significantly outpacing the overall credit growth of 2.9 times compared to 4.8 times for women’s credit portfolios. Business-purpose lending to women has seen the most substantial growth, with a 7.5 times increase since 2017. The report attributes this transformation to the rapid digitization of financial services, which has simplified access to credit. However, only 4.3% of women-owned enterprises currently utilize advanced working capital facilities, indicating a gap in access to sophisticated financial products. The report emphasizes the importance of digital public infrastructure in enabling this growth, noting that same-day approvals for consumption loans among women have risen from 34% in 2022 to 45% in 2025.