Examine the view that financial inclusion is an integral part of social and economic inclusion in a country like India. Also throw light on the usefulness of the R.B.I.’s Financial Inclusion Index.

Theme

T132 Financial inclusion & rural credit

What UPSC asks in this theme

UPSC asks financial inclusion as part of social and economic inclusion, RBI's FI Index, Jan Dhan for the unbanked, and rural credit cooperatives' role and challenges.

What to cover

• PMJDY outcomes; dormant accounts
• RBI FI Index components
• Rural credit: cooperatives, RRBs, NABARD, KCC
• Technology: BCs, payments banks, digital lending

Writing the answer

• Link to inclusive growth and SHGs

These notes are for the whole theme, built from all 3 of its PYQs. UPSC does not publish model answers.