Antardrishti Dashboard

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Overview:

Recently, the Reserve Bank of India Governor launched a financial inclusion dashboard named 'Antardrishti'.

About Antardrishti dashboard:

  • It provides the necessary knowledge to evaluate and track the development of financial inclusion by recording relevant data.
  • It will also make it possible to assess the degree of financial exclusion at a local level across the nation so that such places may be addressed.

What is Financial Inclusion?

  • It aimed to provide access to affordable and appropriate financial products and services, such as savings accounts, credit, insurance, and payment systems.
  • The Reserve Bank has been promoting financial inclusion through various policy initiatives.
  • To measure the extent of financial inclusion the central bank had constructed the Financial Inclusion (FI) Index in 2021.
  • It is based on three dimensions of financial inclusion -- 'Access', 'Usage' and 'Quality'.
  • The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators.
  • The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.

 


Q1) What is Finance?

Finance refers to the management of money, assets, and investments. It encompasses a broad range of activities and disciplines related to the acquisition, allocation, and utilization of financial resources.

Source: RBI Governor launches financial inclusion dashboard 'Antardrishti'