Grameen Credit Score: A New Chapter in Rural Finance
In the Union Budget 2025-26, Union Finance Minister announced the development of the ‘Grameen Credit Score’ (GCS) framework.
Objective: To promote financial inclusion for self-help group (SHGs) women entrepreneurs.
Why Grameen Credit Score was introduced?
- The goal of this initiative is to address the challenges faced by women in applying for and getting credit.
- As of today not many SHGs are directly linked with the formal credit systems. This has hence made financial inclusion difficult.
- GCS will formalize SHG transactions within the central credit system of India, thereby allowing leading financial institutions to better assess creditworthiness of clients.
Expected Positive ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Samarth Incubation Program
- 2 Centre Notifies Revised Criteria for Classifying MSMEs
- 3 PAC Flags Issues Faced by MSMEs under GST
- 4 Electronics Component Manufacturing Scheme
- 5 Energy Statistics India 2025
- 6 10 Years of Sagarmala Programme: Powering India’s Maritime Revolution
- 7 Changing Dynamics of India’s Remittances
- 8 Components of Gold Monetisation Scheme Discontinued
- 9 ICRA Report on Indian Municipal Bond Market
- 10 Pashu Aushadhi Initiative
- 1 Sustainability and Circularity in Dairy Sector
- 2 Revised Guidelines for Market Intervention Scheme
- 3 RBI Survey on Farmer’s Share of Consumer Prices
- 4 Expansion of e-NAM Platform
- 5 Bond Central
- 6 Tobin Tax
- 7 SEBI Proposes Fast-Track Follow-On Offers for REITs & InvITs
- 8 Dinesh Khara Committee
- 9 New Maritime Initiatives to Enhance India’s Global Trade
- 10 RuTAGe Smart Village Center
- 11 Bharat Tex 2025
