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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