​RBI’s Financial Inclusion Index

  • On 9th July, 2024, Reserve Bank of India (RBI) announced that the Financial Inclusion Index (FI-Index) has risen to 64.2 in March 2024, up from 60.1 in March 2023, indicating significant progress in financial inclusion across the country.
  • The FI-Index is a comprehensive measure of financial inclusion, ranging from 0 to 100, with 0 representing complete financial exclusion and 100 indicating full financial inclusion.
  • It is published annually in July every year.
  • It consists of three main parameters: Access (35%), Usage (45%), and Quality (20%).
  • The index is based on 97 indicators covering banking, investments, insurance, postal services, and pensions.
  • The index has been ....
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