Business Standard

Friday, December 20, 2024 | 11:14 PM ISTEN Hindi

Notification Icon
userprofile IconSearch
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

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