- In March 2023, the Financial Inclusion Index improved to 60.1 from 56.4 in March last year.
- According to RBI, the value of Financial Inclusion Index has increased in all the sub-indices.
- Mainly the utilization and quality dimensions contributed to the improvement of the Financial Inclusion Index. This shows the deepening of financial inclusion.
- The index for the financial year ending March 2021 stood at 53.9.
- This index stood at 43.4 in the period ending March 2017.
- The Financial Inclusion Index (FI-Index) shows the extent of financial inclusion across the country.
- It was first published in August 2021 for the financial year ending March 2021.
- The value of the index ranges between 0 and 100, where 0 represents complete financial exclusion and 100 represents complete financial inclusion.
Tags:
Economics
