The Reserve Bank of India (RBI) on July 09, 2024, notified regarding the Financial Inclusion Index for March 2024.
In consultation with the concerned stakeholders including the Government, the Reserve Bank of India constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country, first published in August 2021 for the FY ending March 2021.
The FI-Index for the year ending March 2024 has since been prepared. The value of the Index for March 2024 stands at 64.2 vis-à-vis 60.1 in March 2023, with growth witnessed across all sub-indices. Improvement in FI-Index is mainly contributed by the Usage dimension, reflecting the deepening of financial inclusion.
[Press Release: 2024-2025/662]
