RBI Governor launches financial inclusion dashboard Antardrishti

Tags: Economy/Finance National News

RBI-Governor-launches-financial-inclusion-dashboard-AntardrishtiReserve 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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