RBI's Index on financial inclusion: A very timely initiative

The Financial inclusion index brought out by the RBI is very timely and important as it attributes a number to everything we talk of on the subject. Financial inclusion has been on the agenda of all governments and regulators and goes beyond the concept of providing a deposit account or loan. The index includes 97 attributes that are extensive and one assumes that they cover capital markets insurance and other banking services. The index is to be announced every July and as of now the RBI tells us that the index is at 53.9 as on March 2021, compared with