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Lecture # 60 inclusix index financial inclusion

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Current Affairs for Civil Services

Lecture # 60 inclusix index financial inclusion

  1. 1. Inclusix Index By: Harveer Singh twitter.com/iastoss +91-880-2009-420 This PPT is for educational purpose only. The learner is expected to supplement the video lecture with this ppt. The content is taken from various daily and weekly publications. Due care has been taken in preparing the material but the tutor or superprofs would not be responsible for any error or consequences arising out of it. 1
  2. 2. Inclusix Index • measures financial inclusion on the three critical parameters – basic banking services - branch penetration, – deposit penetration, and – credit penetration. • The index uses parameters that focus only on the 'number of people' whose lives have been touched by various financial services, rather than on the 'amounts' deposited or loaned. 2
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  4. 4. • The all-India CRISIL Inclusix score of 40.1 (on a scale of 100) is relatively low. It is a reflection of under-penetration of formal banking facilities in most parts of the country. The bottom 50 scoring districts have just 2 per cent of the country's bank branches. • Deposit penetration (DP) is the key driver of financial inclusion in India. 4
  5. 5. • The number of savings bank accounts, at 624 million, is close to four times the number of loan accounts at 160 million. • Focused efforts to enhance branch presence and availability of credit are extremely critical. The bottom 50 scoring districts in India have only 2,861 loan accounts per lakh of population, which is nearly one-third of the all India average of 8,012. 5
  6. 6. • According to ratings agency Crisil, the all-India Inclusix score is relatively low at 40.1 (financial inclusion index) with just one in two Indians having a savings account and only one in seven Indians having access to banking credit 6
  7. 7. • The current banking reach of the country (as on March 31, 2014) comprises of a bank branch network of 1,15,082 and an ATM network of 1,60,055. Of these, 43,962 branches (38.2%) and 23,334 ATMs (14.58%) are in rural areas. • Moreover, there are more than 1.4 lakh business correspondents (BCs) of public sector banks and regional rural banks in rural areas aiming to provide basic banking services 7
  8. 8. Thank You. • For any feedback/query/word of thanks, the Tutor can be contacted at harveersinh@gmail.com 8
  • KennedyMukuka1

    Jun. 18, 2019

Current Affairs for Civil Services

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