Strategy approved by Sub-Committee of Financial Stability and Development Council focuses to improve reliable last-mile access and effective use of financial services across the country.
About NSFI 2025-30:
- It outlines five key goals (Panch-Jyoti) to improve financial inclusion in India, supported by 47 specific action points to achieve them.
- The Panch Jyoti are:
- Improving availability and use of equitable, suitable, and affordable bouquet of financial services to achieve financial safety and financial security for households and micro enterprises,
- Adopting gender-sensitive approach for women-led financial inclusion and differentiated strategies for improving financial resilience of households, especially for the underserved and vulnerable segments,
- Synergizing livelihood, skill development and support ecosystem and its linkages with financial inclusion,
- Leveraging financial education as a tool for promoting financial discipline, and
- Strengthening quality of customer protection and grievance redressal measures.
Financial Inclusion (FI) and its growth in India:
- FI means that individuals and businesses have access to useful and affordable financial products and services that meet their needs delivered responsibly and sustainably. (World Bank).
- RBI FI-Index has risen to 67 in 2025, up by 24.3% since 2021.
- FI-Index captures financial inclusion across the country while representing different sectors such as banking, investment, insurance, pension etc.
Other Government Initiatives for Financial Inclusion:
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