● Released by Reserve Bank of India(RBI) in July every year.
● It is Constructed without any ‘base year’
● Aim -To capture the extent of financial inclusion across the country
● Comprises three broad parameters -Access (35% weightage), Usage (45%) and Quality (20%).
● Single value ranging between 0 and 100 where 0 represents complete financial exclusion and 100 indicates full financial inclusion
● FI-Index for the financial year ended March 2021 crossed the halfway mark to 53.9, as compared to 43.4 for the year ended March 2017.
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