RBI launches financial inclusion index
The Reserve Bank of India has launched a financial inclusion index, aiming to build a more complete picture of citizens’ access to financial services.
The index gives a score of zero to 100, where zero is complete exclusion and 100 is full inclusion. Three “broad parameters” are given different weightings in the calculation: access (35%), usage (45%) and quality (20%).
Each parameter breaks down further into “a number of dimensions”, the RBI said in a statement. In all, the calculation is
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