GST collections see 8.9 pc YoY growth at Rs 1.87 lakh crore in October
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
While highlighting that the reliance on personal funds for business operations increases with age, the survey said among self-employed women, 52% of those over 45 years old use their own savings, compared to only 36% of those aged 25-35 years.
A joint survey by DBS Bank India and Crisil said that 65% of self-employed women in Indian metros have not taken a business loan, with 39% relying on personal savings to fund their enterprises. Of the self-employed women who have not availed a loan, 25% have enough savings and 26% worry about high interest rates, it said.
While highlighting that the reliance on personal funds for business operations increases with age, the survey said among self-employed women, 52% of those over 45 years old use their own savings, compared to only 36% of those aged 25-35 years.
Bank loans were the primary choice for those who go for the loans, preferred by 21%. A smaller proportion, around 7%, opt for funding from venture capitalists, angelinvestors, private equity (PE) or fintechs.
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The survey further said that the women entrepreneurs often use personal assets for collateral, with 28% leveraging personal property and 25% turning to gold—reflecting their risk-averse approach to investments. As many as 64% of respondents, who use gold as collateral, predominantly invest in safer options like savings accounts and gold.
Self-employed women across India allocate 45% of their investments into savings account and gold. In contrast, 64% of respondents who use gold as collateral predominantly invest in safer options like savings accounts and gold.
The survey report said that at least 39% of women entrepreneurs use cash credit (CC) and overdraft (OD) facilities, followed by corporate credit cards (25%) and property-backed term loans (11%). At least 73% of self-employed women surveyed preferred receiving payments from customers digitally, and 87% used digital methods to pay their business expenses.
“UPI is the most-used mode for both receiving (35%) and paying (26%) business expenses. However, cash remains indispensable for payroll and operational expenses, used by 36% of respondents,” said Pushan Sharma, Director-Research, CRISIL Market Intelligence & Analytics. The survey further highlighted that the retirement planning is a key priority, with 66% saving for their own retirement and 38% offering retirement benefits to their employees.
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