Context: Recently, RBI Governor Shaktikanta Das launched a financial inclusion dashboard named 'Antardrishti'.

• The dashboard would, as its name suggests, provide the necessary knowledge to evaluate and track the development of financial inclusion by recording relevant data, according to a statement.

About the Antardrishti

• The Antardrishti is a Financial Inclusion Dashboard through which RBI can assess and monitor the progress of financial inclusion by capturing relevant parameters.

• This tool 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.

• The dashboard, presently intended for internal use in the RBI, will further facilitate greater financial inclusion through a multi-stakeholder approach.

• The Reserve Bank has been supporting financial inclusion by implementing a number of policy initiatives and the launch of Antardrishti' is another step in this direction. 

Financial Inclusion (FI) Index

• The RBI had launched the Financial Inclusion (FI) Index in 2021 to measure the extent of financial inclusion.

• The Financial Inclusion Index is based on three dimensions of financial inclusion — ‘access’, ‘usage’ and ‘quality’.

• According to RBI, the FI-Index comprises of three broad parameters (weights indicated in brackets) viz., Access (35 per cent), Usage (45 per cent), and Quality (20 per cent) with each of these consisting of various dimensions, which are computed based on a number of indicators.

• The Financial Inclusion Index incorporates details of banking, investments, insurance, postal and the pension sector in consultation with the government and respective regulators.

• The Financial Inclusion Index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100.

• 0 represents complete financial exclusion and 100 indicates full financial inclusion.