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RBI’s financial inclusion index shows all-round growth, rises to 67 in March 2025 | Current Affairs | Vision IAS

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RBI’s financial inclusion index shows all-round growth, rises to 67 in March 2025

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Financial Inclusion Index (FI-Index)

The Reserve Bank of India (RBI) reported an improvement in the Financial Inclusion Index, which increased to 67 in March 2025, up from 64.2 in March 2024.

Components of FI-Index

  • The FI-Index is composed of three sub-indices:
    1. Access
    2. Usage
    3. Quality
  • All three sub-indices saw growth in FY25.
  • Weights for parameters:
    1. Access: 35%
    2. Usage: 45%
    3. Quality: 20%

Significance of Improvement

  • The rise reflects a deepening of financial inclusion and successful financial literacy initiatives.
  • The index captures financial inclusion as a single value from 0 to 100, where 0 indicates full exclusion and 100 indicates full inclusion.

Conceptualization of FI-Index

  • The index includes banking, investments, insurance, postal, and pension sectors.
  • The quality parameter focuses on consumer protection, financial literacy, and service inequalities.
  • No base year is used, allowing it to reflect cumulative stakeholder efforts.
  • Tags :
  • RBI
  • FI-Index
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