Business Standard
What is RBI’s financial inclusion index?

Financial inclusion index

About Financial inclusion index

What is RBI’s financial inclusion index?

On August 17, 2021, the Reserve Bank of India (RBI) launched a Financial Inclusion Index (FI-Index) to track the process of ensuring access to financial services, timely and adequate credit for vulnerable groups such as weaker sections and low-income groups at an affordable cost.
 
The Fi-Index is a comprehensive index, incorporating details of banking, investment, insurance, postal, as well as the pension sector in consultation with government and respective sector regulators.

Purpose of financial inclusion index

RBI said that it has constructed FI-Index to capture the extent of financial inclusion across the country.
 
The index captures information on various aspects of financial inclusion
...
Read More

Latest Updates on Financial inclusion index

Within 6 yrs, India achieved 80% financial inclusion: Ruchira Kamboj

'Within six years, India has achieved an 80% financial inclusion rate, a feat that would have taken decades without such digital infrastructure,' she said

Image
Updated On : 26 Apr 2024 | 8:05 AM IST

RBI's financial inclusion index printed at 60.1% in March 2023, shows data

The FI Index was introduced in 2021 to capture the extent of financial inclusion throughout the country

Image
Updated On : 15 Sep 2023 | 11:09 PM IST

The next orbit of financial inclusion will be in the offline world

Payment solutions will allow transactions when connectivity is poor or if there is a systems breakdown

Image
Updated On : 10 Sep 2023 | 10:02 PM IST

Digital public infra can speed up financial inclusion: G20 Report

The Policy recommendations in the report include risk based regulation, supervision, oversight arrangements for financial sector use of DPIs, promotion of sound internal governance among others

Image
Updated On : 07 Sep 2023 | 7:13 PM IST

Financial inclusion major step towards inclusive growth: FM Sitharaman

Financial inclusion is a major step towards inclusive growth which ensures the overall economic development of the marginalised sections of the society, FM Nirmala Sitharaman said

Image
Updated On : 28 Aug 2022 | 2:19 PM IST

RBI's March financial inclusion index shows growth in all segments

The index has risen to 56.4 in March 2022, against 53.9 as of March 2021

Image
Updated On : 02 Aug 2022 | 11:55 PM IST

RBI's financial inclusion index rises; showing growth across all segments

The RBI's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across all parameters

Image
Updated On : 02 Aug 2022 | 2:34 PM IST

RBI Governor Shaktikanta Das says will bring financial inclusion index soon

Financial inclusion will continue to be the policy priority for the central bank, to make the post-pandemic recovery more inclusive and sustainable, Das said

Image
Updated On : 15 Jul 2021 | 11:02 PM IST

Govt announces states' financial inclusion index, easy online MSME loans

Jaitley said the financial inclusion index would create an element of competition among states with each of them vying for last-mile connectivity in banking

Image
Updated On : 25 Sep 2018 | 9:07 PM IST