Personal loans can be very handy in times of financial deficit or emergency situations like sudden hospitalization. This can be even more so for Indian women as they seem to be earning less, spending more on medical expenses, yet receiving less insurance protection over time.
As per a recent Demographic and Health Survey report, participation of Indian women in the workforce has dipped by 50% over the last decade. While the burden of non-communicable diseases on Indian women, has increased, only a fifth of all women are covered by health insurance.
This should have reflected a strong growth in personal loans taken by women. On the contrary, the number of women seeking personal loans even with so many women-centric loan schemes is quite low. The reason is not too far to seek …
Read the full article published originally on Financial Express: Why women shy away from taking personal loans