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RBI launches Financial Inclusion Index

  • Published
    19th Aug, 2021

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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