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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Financial Inclusion Index for March 2023

15-Sep-2023 | Press Release: 2023-2024/930

Reserve Bank of India has issued a Press Release indicating significant progress in financial inclusion across the nation. In collaboration with various stakeholders, including the Government, the RBI established a composite Financial Inclusion Index (FI-Index) to assess the level of financial inclusion in the country. This index was initially published in August 2021, reflecting data up to March 2021. For the year ending March 2023, the FI Index has been diligently prepared. The value of the FI Index for March 2023 stands at 60.1, a notable increase from 56.4 in March 2022. This growth is observed across all sub-indices. Particularly, enhancements in the Usage and Quality dimensions have played a significant role, signifying a deeper integration of financial inclusion measures.

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