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