SME Times News Bureau | 07 Apr, 2021
To measure the extent of financial inclusion in the country, the Reserve
Bank of India will construct and periodically publish a "Financial
Inclusion Index" (FI Index).
The FI Index would be based on
multiple parameters and shall reflect the broadening and deepening of
financial inclusion in the country, a statement on regulatory and
developmental policies of RBI said.
To begin with, the FI Index will be published annually in July for the financial year ending previous March.
"Financial
Inclusion has been a thrust area for the government, the Reserve Bank
and other regulators, with significant progress made over the years. To
measure the extent of financial inclusion in the country, the Reserve
Bank proposes to construct and publish a Financial Inclusion Index (FI
Index) based on multiple parameters,"RBI Governor Shaktikanta Das said
in a virtual address after the Monetary Policy Committee's bi-monthly
meeting.
