RBI Report
Sustained efforts will continue to deepen financial inclusion
This story was originally published at 16:40 IST on 29 May 2025
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NEW DELHI – Sustained efforts by the Reserve Bank of India will continue to further deepen financial inclusion, the central bank said in its annual report for 2024-25 (Apr-Mar).
On this front, the central bank has set three goals for the year--reviewing the Financial Inclusion Index, a composite index that measures the extent of financial inclusion in India; strengthening micro, small and medium enterprises outreach and inclusion, and achieving 100% coverage in 80% districts across the country by March 2026, under Expanding and Deepening of Digital Payments Ecosystem.
According to the report, the central bank endeavoured to achieve the agenda set for FY25 by undertaking various measures to improve financial inclusiveness and enhance the flow of credit to priority sectors. The implementation of the strategy adopted under the National Strategy for Financial Inclusion released in 2020, led to significant improvement in financial inclusion, it said.
"The Reserve Bank continued with its endeavour to deepen financial inclusion in the country as envisaged under the National Strategy for Financial Inclusion," the central bank said. "Steps were undertaken for the formulation of the next iteration of the NSFI (National Strategy for Financial Inclusion) for the period 2025-30.
The central bank further said providing banking access to every village within a 5 km radius of 500 households in hilly areas was one of the milestones of the National Strategy for Financial Inclusion, which has been fully achieved in 27 states and eight Union terrorities at the end of FY25. According to the bank, 99.99% of the villages have been covered and efforts are on to complete the remaining projects. End
Reported by Pallavi Singhal
Edited by Avishek Dutta
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