RBI launches Financial Inclusion Index
Financial inclusion is an important component of inclusive growth in 21st century India. Discuss.(250 words)
Approach:
- Introduce by giving a definition of Financial inclusion and its relation with inclusive growth
- A diagram showing various components of financial inclusion (Like Bank account, Credit availability, Financial literacy etc.)
- Status of financial inclusion in India
- Government efforts in this direction and impact of Financial Inclusion Index introduced by RBI in tracking financial inclusion in India.
- Way forward / Conclusion
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