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RBI constructs index to capture extent of financial inclusion

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By Latha Venkatesh  Aug 17, 2021 6:54:20 PM IST (Published)

The Reserve Bank of India (RBI) has constructed a financial inclusion index to capture the extent of financial inclusion in the country. The index will measure access, usage and quality of financial inclusion among people.

The Reserve Bank of India (RBI) has constructed a financial inclusion index to capture the extent of financial inclusion in the country.

The index will measure access, usage and quality of financial inclusion among people.
CNBC-TV18's Latha Venkatesh reports that the index ranges between zero and hundred. Access carries a weightage of 35 percent, usage carries a weightage of 45 percent and 20 percent is for quality.
According to RBI in March 2017, the index was 43 and that has risen to about 54 in March 2021.
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