HomeNewsBankingRBI introduces the Financial Inclusion Index

RBI introduces the Financial Inclusion Index

RBI introduces the Financial Inclusion Index

The Reserve Bank of India (RBI) has introduced the Financial Inclusion Index (FI-Index). FI-Index is a measure of the extent of financial inclusion in India. It also includes details of banking, investments, insurance, postal and pension sectors in the country.

  • The FI-Index was created without any ‘base year’.
  • The annual FI-Index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017.
  • RBI will release FI-Index annually in July month.

Financial Inclusion Index (FI-Index) Value/Range:

  • 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.

Financial Inclusion Index (FI-Index) Parameters:

  • The FI-Index is based on three (3) broad parameters (weights indicated in brackets) viz., Access (35%), Usage (45%), and Quality (20%) with each of these consisting of various dimensions, which are computed based on a number of indicators.

About RBI –

  • Headquarters: Mumbai
  • Founder: British Raj
  • Founded: 1 April 1935, Kolkata
  • Governor: Shaktikanta Das


📣 Prepare Exams is now on Facebook, Twitter, Instagram, YouTube Channel, and Google News to get all the latest News first Like, Follow and bookmark our website @ PrepareExams.com.

For all the latest Updates, download PrepareExams App.

RBI introduces the Financial Inclusion Index 1
I love To Write Articles, I Write articles in many fields technology, news, educations, exams, gadgets reviews, coding, Apps. Facebook


Please enter your comment!
Please enter your name here

- Advertisment -

Latest Articles