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Grameen Credit Score framework likely to be launched in 3 months
Business Standard
|June 03, 2025
The Union government is expected to launch the Grameen Credit Score (GCS) framework within the next three months, a senior government official said.
Announced by Finance Minister Nirmala Sitharaman in the Union Budget for 2025-26, the initiative is designed to strengthen financial inclusion in rural India, with a particular focus on members of self-help groups (SHGs).
"A committee has already been formed to oversee the development and implementation of the Grameen Credit Score framework. The government is currently awaiting approval from the Reserve Bank of India (RBI) before moving forward with the rollout and is expected to go live in the next three months," the official said.
The GCS is expected to serve as a supplementary tool to existing credit bureaus, allowing banks, microfinance institutions, and other lenders to better evaluate the creditworthiness of rural borrowers.
Dit verhaal komt uit de June 03, 2025-editie van Business Standard.
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