Grameen Credit Score: A step towards digitizing the rural people
In the Union budget of FY 25-26, a new initiative has been taken up by the Government of India (GoI) towards strengthening the rural people and Self-Help Groups (SHG) which comprise of poor rural women who come together to resolve their problems and improve their living standards. The SHGs are generally self-governed and peer controlled. SHGs are often described as “informal groups”. With the introduction of Grameen Credit Score, these small enterprises can be formally recognised, as a result of which they will be subject to different benefits.
