RBI's financial inclusion index spurts in quarter ended March 2024.

Banking & Finance

There has been an impressive spurt in financial inclusion levels in the country, according to a latest update from the Reserve Bank of India (RBI). In consultation with the concerned stakeholders including the Government, the Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021. The FI-Index for the year ending March 2024 has since been prepared.


      The FI-Index by RBI assesses national financial inclusion levels, highlighting significant improvements over recent years.

      The FI-Index is a collaborative effort involving RBI and various stakeholders to enhance financial accessibility and inclusion.

     

 

     


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