Telangana Working Women Embrace Financial Autonomy and Decision-Making Power: IndiaLends ‘ #WorkingStree

~Enhancing self-confidence is the biggest work motivation for Telangana’s #WorkingWomen~

Hyderabad, Telangana, May 24, 2023: Only 1/3rd of working women in Telangana (36.8%) rely on male members of their family to make financial decisions, which is far better than the national average of 2/3rd (67%). Interestingly, 60.3% of these women defined financial independence as “not being dependent on anybody for financial needs”. This highlights a positive trend of increasing autonomy and decision-making power among working women in Telangana, indicating their growing confidence and ability to manage their own financial matters.

A whopping 85% of working women in Telangana are aware of their credit score, and nearly half of them (48%) check their credit score regularly. This percentage exceeds the national average, where 72% of women are aware of their credit scores.These are a few of the findings of the 5th edition of the #WorkingStree survey report released by IndiaLends, an online marketplace for personal loans and credit cards.

The survey explores women’s aspirations for entrepreneurship and passive income. Approximately 18.7% of working women in Telangana are planning to start a new business or find ways to generate passive income, indicating a growing interest in financial independence and entrepreneurial endeavours. The report also reveals that enhancing self-confidence is one of the biggest motivators for working women, followed by the need to support families. These factors play a significant role in driving their dedication and commitment to their jobs.

The study also sheds light on their contributions to household expenses. Around 72.5% of the working women in Telangana are making financial contributions, with 31% contributing more than 50% of their income. Nationally, 90% of working women contribute to household expenses, and nearly 40% are contributing more than 50% of their income.

IndiaLends Founder and CEO Gaurav Chopra said, “It is intriguing to note that self-confidence emerges as a significant motivator for working women in Telangana. Empowering women financially is not just a moral obligation, but also a crucial factor in boosting economic growth. The findings of Telangana geography from our recent #WorkingStree survey highlight the positive trend of increasing autonomy and decision-making power among working women in the region. We firmly believe that a financially empowered woman is a powerful force, and through our efforts, we aim to foster a more inclusive society. This report serves as a call to raise awareness about the importance of financial independence among women and encourages more women to take control of their finances.”

The survey also found that, at a national level, nearly half of working women were learning about personal finance from social media, about 30% from news articles, and 20% from workshops and seminars, followed by professional experts. With that, only 1/3rd of working women felt confident in making all their financial decisions.

IndiaLends’ #WorkingStree survey was conducted online in February 2023 and covered 10,000+ working women in the 21-65 age group residing in top metro, Tier-1 and Tier-2 cities, with about 10% residing in Telangana.

The majority of survey respondents were in the 25-34 age group, representing 47.7% of the total sample, followed by 35-44 year-olds at 30.8%. The youngest age group of 21-24 years represented 13.7% of the sample, while those over 45 and above made up about 7.8%. In terms of professions, salaried employees represented the largest group of respondents at 43.6%, followed by self-employed individuals at 31.3%. Homemakers represented 12.3% of the sample, while professional individuals such as CAs and lawyers accounted for 4.4%. When it came to marital status, the majority of respondents were married at 70.6%, followed by singles at 16.4%.

About IndiaLends

IndiaLends is India’s leading provider of personal loans and credit cards. IndiaLends’ products include personal loans and lines of credit ranging from Rs. 10,000 to Rs. 50 Lakh, Credit Cards, and Free Credit Reports. Available on both the web and mobile, IndiaLends offers instant loans to its customers with most products being fully digital. IndiaLends also provides technology, data, and credit analytics solutions along with a loan management platform to financial institutions. IndiaLends is run by a team of credit risk professionals and data scientists with multiple years of experience in consumer credit. For further information, please visit

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