The Reserve Bank of India has announced that it will periodically publish a “Financial Inclusion Index” (FI Index) annually in July for the financial year ending previous March. The FI Index would be based on multiple parameters and shall reflect the broadening and deepening of financial inclusion in the country, a statement on regulatory and developmental policies of RBI.
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Financial Inclusion has been a thrust area for the government, the Reserve Bank and other regulators, with significant progress made over the years. To measure the extent of financial inclusion in the country, the Reserve Bank proposes to construct and publish a Financial Inclusion Index (FI Index) based on multiple parameters.
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