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Financial inclusion index UPSC NOTE

 

  • It is a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators.

  • It was developed by the RBI in 2021, without any ‘base year', and is published in July every year

Aim:

  • To capture the extent of Financial Inclusion across the country.

  • The FI-Index is responsive to ease of access, availability and usage of services and quality of services, consisting of 97 indicators

Parameters:

  • It captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.

  • It comprises three broad parameters (weights indicated in brackets) viz., Access (35%), Usage (45%), and Quality (20%) with each of these consisting of various dimensions, which are computed based on a number of indicators(97)

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Financial inclusion index UPSC NOTE
Financial inclusion index UPSC NOTE
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https://lh7-us.googleusercontent.com/slidesz/AGV_vUdw6Uzj9JNXfWioEkbuwnVkIhdEmc6hfF9GmoiFrFtb2Yd1UD3hmWXZsic-K8Rnm_9TBBEYO4TQGYhFHQe1B2SF7BiWlLoSQcxyYqEK2djSxznxbDCbOvGIN1g5zwZS25iEB4guUhctHQNK-W5gz_wGxk0Bx2gp-Ft07dcqgvy0fw=s72-c?key=P94qZXE2cKFRs9nm9gOsIg
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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