October 14, 2025

Current Context : RBI released Financial Inclusion Index for March 2024.

  • The value of the Index for March 2024 stands at 64.2 vis-à-vis 60.1 in March 2023

ABOUT FINANCIAL INCLUSION INDEX:

  • It is a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector.
  • The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.
  • It includes three broad parameters viz., Access (35%), Usage (45%), and Quality (20%).
  • It is published annually in July.
  • The index is responsive to ease of access, availability and usage of services, and quality of services.

 

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