India Credit Growth: According to a TransUnion CIBIL report, the number of loan borrowers is increasing rapidly in Uttar Pradesh, Bihar, and Madhya Pradesh. Learn how India's credit map is changing and how states share it.

Now not only Maharashtra and Tamil Nadu, but UP, Bihar and MP are also becoming the fastest growing credit markets of the country.

India Credit Market: If you thought the highest number of loans were taken only in states like Maharashtra and Tamil Nadu, that's no longer the case. According to the latest TransUnion CIBIL report, Uttar Pradesh, Bihar, and Madhya Pradesh have seen a rapid increase in loan borrowers over the past few years. This is changing India's credit map, and these states' share is steadily increasing.

North and Central India are experiencing the fastest credit growth.
Between 2017 and 2026, credit growth in North and Central India was higher than in West and South India. More people in these states are now taking loans from banks and other financial companies. However, Maharashtra and Tamil Nadu, while still the country's largest credit markets, have seen their share decline slightly. This isn't because people there have reduced their loan borrowing, but because the number of loan borrowers in other states is rapidly increasing.

What does the data in the report say?
Data shows that Maharashtra's share was 12% in March 2017, which decreased to 10% in March 2026. Tamil Nadu's share decreased from 11% to 9%. Uttar Pradesh, on the other hand, saw the highest growth. The state's share increased from 8% to 11%. Madhya Pradesh's share increased from 4% to 6%, and Bihar's share increased from 3% to 5%. West Bengal's share also increased from 4% to 5%.

According to the report, this shift reflects the fact that more people in the country are now connecting to the banking system and obtaining loans through official means. Access to banking and credit has also increased in smaller cities and newer states. This is why states like Uttar Pradesh, Bihar, and Madhya Pradesh are rapidly increasing their share of the national credit market. Larger markets like Maharashtra and Tamil Nadu still hold the lead, but other states are rapidly catching up.