The Union Budget 2025, contained an announcement on Grameen Credit Score, a framework to be developed by the public-sector banks to cater to the credit needs of the members of rural Self-Help Groups (SHGs) and people in rural areas.

The current credit scoring mechanism of Credit Information Companies (CICs) is, by design generic to all individual borrowers with no specific consideration for the rural sector. A Grameen credit score tailored for the credit assessment purpose of rural and SHG borrowers would facilitate better credit assessment of rural borrowers, thereby improving their access to formal credit. The Government is working out the modalities and the contours of the Grameen Credit Score framework in consultation with the concerned stakeholders.

This information was given by Minister of State for Rural Development, Shri Dr. Chandra Sekhar Pemmasani in a written reply in Rajya Sabha today.

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PawanSinghFaujdar

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