RBI has reported that the Financial Inclusion (FI) Index for Financial Year (FY) 2025 improved to 67 per cent.
This is an increase from 64.2 per cent recorded in FY 2024.
The increase is attributed to the higher usage, improved quality, and ongoing financial literacy initiatives deepening financial inclusion.
The composite FI Index, developed by RBI in consultation with stakeholders, was first published in August 2021 for the FY ending March 2021.
The index also incorporates data from the banking, investments, insurance, postal services, and pensions, providing a comprehensive view of financial inclusion in India.