Talking about the loans provided by various banks in the country, in the financial year 2024-25, the number of loans taken under the gold loan increased by 103 percent to Rs 1,25,000 crore. It has reached 2.1 lakh crores.
Whose total size is Rs. 1000 crores by the end of 2023-24. It was 1 lakh crores. Last year, due to an increase in gold prices by about 37 percent, Indian citizens have adopted the option of taking loans on gold for various expenses to avail this growth. The total debt growth rate in 2023-24 was 20 percent, which slowed down to 11 percent in 2024-25, while the size of the gold loan increased by 101 percent.
Many factors are responsible for this increase in gold loan. In the year 2023, the RBI ordered some types of agricultural loans to be classified as a gold loan, due to which there has been a slight increase in gold loan. Generally, the gold-based loans paid in rural areas are classified by banks as agricultural loans, as these types of classification can be considered under priority loans. This also helps banks to achieve their goals and customers also get loans for easily repayment at low interest rates. The historic high price of gold is also responsible for this increase.
Despite this significant increase in the size of the gold loan, the speed of increase in the size of the total debt has slowed down. The total loan provided by banks at the end of March 2025. It is Rs 182 lakh crore, which shows an 11 percent increase compared to the previous year. In comparison, this growth rate was 20 percent in the previous year. The main reason for the recession in the growth rate of total debt is also a decrease in the number of loans given to the industry. The growth rate of loan to the industry was 6.4 percent in 2023-24, which has come down to 6.2 percent in 2024-25. Due to this, the share of the industry in the total loans has come down to 21.5 percent.
On the other hand, the share of loans for services in the total loans has increased to 28.6 percent, while the stake of individual loan has increased from 32.4 percent to 32.6 percent. Home loan stake remains unchanged at 16.5 percent. The stake of gold loan has now increased to 1.1 percent, which was 0.6 percent a year ago. The second largest growth has been recorded in the size of the loan on securities. The loan size in this area increased by 18.7% to Rs. It increased to 1,00,000. 10,080 crores The loan for consumer durable items is the only area with a decline in 2024–25 in size. This figure will be reduced by 1.3 percent to Rs 1,000 crore. 100 crores in 2024-25. 23,402 crores Among the total individual loans, home loans are 16.5 percent and their total size is Rs 1,00,000 crore. 30.1 lakh crores
