Synopsis: Recently, the Reserve Bank of India (RBI) unveiled its newly conceptualized Financial Inclusion Index to “capture the extent of financial inclusion across the country”. For meaningful financial inclusion, we must have meaningful metrics in the public domain. Introduction RBI recently announced the formation of a composite Financial Inclusion Index (FI-Index) to capture the extent… Continue reading We require a more inclusive financial inclusion index
Tag: Financial Inclusion Index
Beyond bank accounts
Source: Business Standard Relevance: RBI has published the Financial Inclusion Index (FI- Index) Synopsis: Given the need to attain equitable growth, it is important to Focus on financial inclusion. The study of RBI report becomes important in this regard. Click here to read about FI-Index What is the need for Financial Inclusion? Financial Inclusion is the… Continue reading Beyond bank accounts
Reserve Bank launches index to capture financial inclusion
Source: Livemint and Business Standard What is the News? The Reserve Bank of India has released India’s First composite Financial Inclusion Index (FI-Index). About Financial Inclusion Index(FI-Index): Released by: Reserve Bank of India(RBI) Aim: To capture the extent of financial inclusion across the country. Parameters: The index comprises three broad parameters — access (35% weightage),… Continue reading Reserve Bank launches index to capture financial inclusion
