RBI's Financial Inclusion Index (FI-Index) Rises to 64.2 in March 2024
| Aspect | Details |
|---|---|
| Index Name | Financial Inclusion Index (FI-Index) |
| Publisher | Reserve Bank of India (RBI) |
| Current Value (2024) | 64.2 (March 2024) |
| Previous Value (2023) | 60.1 (March 2023) |
| Scale | 0 to 100 (0 = complete financial exclusion, 100 = full financial inclusion) |
| Components | Access (35%), Usage (45%), Quality (20%) |
| Key Drivers | Improvement primarily driven by the Usage dimension |
| Sectors Covered | Banking, investments, insurance, postal, and pension sectors |
| Historical Context | 53.9 (March 2021), 43.4 (March 2017) |
| Publication Frequency | Annually in July |