RBI Governor Shaktikanta Das recently unveiled a new financial inclusion dashboard called ‘Antardrishti.’ The dashboard aims to provide valuable insights and track the progress of financial inclusion by capturing relevant data. This initiative further reinforces the RBI’s commitment to promoting financial inclusion through a collaborative approach involving multiple stakeholders.
One of the key features of the ‘Antardrishti’ dashboard is its ability to assess the extent of financial exclusion at a local level across the country. By identifying areas with higher levels of financial exclusion, policymakers can focus on implementing targeted measures to address these gaps and promote greater financial inclusivity.
Initially designed for internal use within the RBI, the ‘Antardrishti’ dashboard is expected to play a crucial role in facilitating financial inclusion. By adopting a multi-stakeholder approach, the dashboard aims to involve various entities such as government agencies, regulators, and financial institutions in the collective effort to enhance financial inclusion in India.
In 2021, the RBI developed the Financial Inclusion (FI) Index as a comprehensive tool to measure the extent of financial inclusion. The FI-Index integrates information from various sectors, including banking, investments, insurance, postal services, and pensions. It provides a holistic assessment of financial inclusion, assigning a single value ranging from 0 to 100, where 0 represents complete financial exclusion and 100 signifies complete financial inclusion.