Access to banking services for women has increased over the years, even though this has favoured more urban women in more developed regions and socio-economic groups (Chavan, 2008). The Indian National Bank for Agricultural and Rural Development (NABARD) has various initiatives to promote the financial inclusion of women, for instance facilitating self-help groups (SHGs), which are mostly composed of women, to access credit from formal banking channels (NABARD, 2007). Similarly, many women face difficulties in accessing credit at sustainable interest rates. To alleviate this constraint, the government provides credit guarantees through the TRADE scheme, with a specific target for women-owned enterprises.