Little more than half of financial inclusion achieved, says RBI's new index

The Reserve Bank of India (RBI) on Tuesday introduced its annual composite Financial Inclusion index (FI-Index) to capture the extent of financial inclusion in the country.  

The index will be a single value between 0 and 100, where 0 represents complete financial exclusion and 100 shows full financial inclusion.

According to RBI’s assessment, the FI-Index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017. RBI will publish the index annually in July.

The index incorporates details of banking, investments, insurance, postal as well as the pension sector in consultation with Government and