RBI Governor launches financial inclusion dashboard Antardrishti
Reserve Bank of India Governor Shaktikanta Das launched a financial inclusion dashboard named 'Antardrishti' on 6 June.
An overview of the news
The dashboard will provide necessary insights to assess and monitor the progress of financial inclusion by capturing relevant parameters.
The progress of financial inclusion will be assessed against set parameters through an Antardrishti dashboard. Along with this, it will also help in monitoring.
With the help of the dashboard, the areas of lack of financial services on a large scale in the country can be detected and then work will be done on the basis of this.
Currently, the Antardrishti Dashboard will be used internally by RBI.
Multi stakeholder approach will be adopted for the Antardrishti Dashboard to enhance financial inclusion in future.
Financial Inclusion Index
The Financial Inclusion Index was launched in 2021 to measure financial inclusion.
In this, financial inclusion is measured on the basis of access, utility and quality.
This index also includes information related to banking, investment, insurance and postal services etc. of an area.
This index ranges from 0 to 100.
0 indicates complete financial exclusion, while 100 indicates complete financial inclusion.
Reserve Bank of India (RBI)
Reserve Bank of India was set up under the Reserve Bank of India act 1934. It started functioning from 1 April 1935.
It was nationalized in 1949 and now the government of India is the owner of RBI.
It has the power to regulate Banks under the Banking Regulation Act 1949.
It has the power to regulate the Non-Banking Financial Company (NBFC) under the RBI act 1934.
RBI is also the regulator of the digital payment system under the Payment and settlement act 2007.
Headquarters of RBI: Mumbai
Governor of RBI : Shaktikanta Das
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