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The index stood at 53.9 in March final 12 months. It was at 43.4 for the interval ending March 2017, exhibiting fast enchancment in attain of monetary companies over the previous 5 years.
The index captures info on numerous points of monetary inclusion in a single worth ranging between 0 and 100, the place 0 represents full monetary exclusion and 100 signifies full monetary inclusion.
It contains three broad parameters — entry with 35% weightage, utilization with 45% weightage and high quality with 20% weightage. It incorporates particulars of banking, investments, insurance coverage, postal in addition to the pension sector.
The Index is attentive to ease of entry, availability and utilization of companies, and high quality of companies, RBI mentioned.
RBI now publishes the index yearly in July yearly.
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