Financial Inclusion Index (FI-Index): Recently, the Reserve Bank of India (RBI) released the latest Financial Inclusion Index (FI-Index), indicating a significant rise from 64.2 in March 2024 to 67 in March 2025.
o Coverage: Incorporates data from banking, insurance, investments, pensions, and postal services, offering a broad view of financial accessibility and inclusion.
o Index Scale: Ranges from 0 to 100, where: 0 represents complete exclusion, and 100 indicates full inclusion.
o Structure and Weights: Access – 35%, Usage – 45% and Quality – 20%
o The index uses a total of 97 indicators to compute these dimensions.
o Unique Feature : Captures the effectiveness of inclusion in terms of:
ü Financial literacy
ü Consumer protection
ü Service deficiencies and inequalities
o No Base Year: The FI-Index reflects the cumulative progress of financial inclusion over time rather than changes from a fixed starting point.
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