The Reserve Bank of India’s this report captures the extent of financial inclusion across the country.
The inclusion stood at 64.2 in March 2024 from 60.1 in March 2023.
The FI-Index has been constructed without any ‘base year’ and as such it reflects cumulative efforts of all stakeholders over the years towards financial inclusion.
The annual FI-Index for the period ending March 2021 was 53.9 as against 43.4 for the period ending March 2017.
The FI-Index is published annually in July every year.