Financial Inclusion Index (FI Index)

It is the first composite Financial Inclusion index launched in India by the RBI in August 2021.

• It aims to capture and improve the extent of financial inclusion in the country. It captures information on various aspects of financial inclusion in a single value ranging between 0 and 100. A value of 0 represents complete financial exclusion and 100 indicate full financial inclusion.

Parameters: The Index is based on three broad parameters –

1. Access (35%)
2. Usage (45%)
3. Quality (20%)

Key Features

• It will include details of banking, investments, insurance, postal and pension sector.
• It will be published annually in July every year.
• It has been created ....