RBI’s Financial Inclusion Index(FI-Index) Inches Up

RBI’s Financial Inclusion Index(FI-Index) Inches Up

• The Reserve Bank of India’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 parameters. RBI now publishes the index annually in July every year.
• The index stood at 53.9 in March last year. It was at 43.4 for the period ending March 2017, showing rapid improvement in reach of financial services over the past five years.

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Published date : 05 Aug 2022 03:49PM