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Digital and Financial inclusion | Products and Services | NGO | CSR | India

Financial Inclusion and Literacy in India

Financial Inclusion Index (FI-Index)

RBI’s measure of financial inclusion (0-100 scale)

2023
60.1
2024
64.2

Average Monthly Income of Rural Households

2016-17
₹8,059
2021-22
₹12,698

Average Monthly Expenditure of Rural Households

2016-17
₹6,646
2021-22
₹11,262

Savings and Debt Trends

Percentage of households reporting savings and outstanding debt

Savings 2016-17
50.6%
Savings 2021-22
66.0%
Debt 2016-17
47.4%
Debt 2021-22
52.0%

Insurance and Pension Coverage

Percentage of households with insurance and pension

Insurance 2016-17
25.5%
Insurance 2021-22
80.3%
Pension 2016-17
18.9%
Pension 2021-22
23.5%

Financial Literacy and Behavior

Percentage of respondents demonstrating good financial literacy and behavior

Literacy 2016-17
33.9%
Literacy 2021-22
51.3%
Behavior 2016-17
56.4%
Behavior 2021-22
72.8%

Pradhan Mantri Jan Dhan Yojana (PMJDY) Growth

Number of accounts (in crores) and total deposits (in crores of ₹)

Accounts 2015
17.9 crores
Accounts 2023
50.09 crores
Deposits 2015
₹22,901 crores
Deposits 2023
₹2,03,505 crores

Source: Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD) surveys

Note: FI-Index increased from 60.1 in March 2023 to 64.2 in March 2024, showing improvement in financial inclusion.

Empowering India through Financial Inclusion & Literacy: A CSR & Impact Investment Opportunity

Driving Financial Inclusion for a Resilient India

India has made significant progress in financial inclusion, yet millions remain unbanked and financially vulnerable. With over 50 crore Jan Dhan accounts opened and the Financial Inclusion Index (FI-Index) rising to 64.2 in 2024, there is a need for deeper engagement in financial literacy, digital banking, insurance access, and sustainable financial behavior.

Corporate Social Responsibility (CSR) and impact investors play a pivotal role in bridging this gap by funding and supporting scalable financial literacy initiatives that empower underserved communities.

Why Invest in Financial Inclusion & Literacy in India?

Government Mandates & CSR Alignment

As per Schedule VII of the Companies Act, 2013, financial literacy and inclusion qualify as CSR activities.

Scalable & Measurable Impact

66% of rural households now save regularly, but gaps in financial literacy persist.

Over 80% of rural households have insurance, yet awareness about claims and benefits remains low.

Digital financial adoption through UPI, Aadhaar-enabled payments, and fintech innovations requires deeper community-level engagement.

Economic & Social Upliftment

57% of rural households depend on agriculture, requiring tailored financial education on credit, insurance, and savings.

Women’s financial empowerment programs help in bridging gender disparity in financial decision-making.

Our Financial Inclusion & Literacy Services

We offer customized financial literacy and inclusion programs to enhance economic empowerment at scale.

1. Digital & Financial Literacy Training

Community workshops on UPI, online banking, microfinance, government sponsored schemes and insurance.

Specialized training for artisans, farmers, women entrepreneurs, and MSMEs.

2. Rural Banking & Financial Access Programs

Partnerships with banks and NBFCs to extend credit access in rural and semi-urban regions.

Assistance in implementing BC (Business Correspondent) models to reach remote populations.

3. Financial Literacy & Digital Inclusion for Women

Empowering women with financial knowledge, mobile banking training, and SHG capacity building.

Programs aligned with government-sponsored schemes like Mudra Yojana & Stand Up India.

4. Financial Literacy for Youth & School Curriculum Integration

Integration of financial education in schools and skill development programs.

Awareness campaigns on saving, investments, and responsible borrowing for students.

5. Financial Inclusion Impact Measurement & Research

Data-driven insights to measure program effectiveness.

Why Partner with Us?

✅ Proven Expertise: 19+ years of experience in community literacy & inclusion programs. 

✅ Pan-India Reach: Experience in over 22 states, covering urban, rural & tribal communities. 
✅ Scalable Solutions: Tech-enabled solutions for financial journey mapping.

✅ Measurable Impact: Data-backed insights & transparent reporting for CSR audits.

Join the Movement – Invest in Financial Inclusion Today

Partner with us to drive sustainable financial literacy and economic empowerment across India. Your CSR investment can bridge the financial gap, empower communities, and transform lives.

📩 Contact us today to discuss partnership opportunities and tailored financial literacy solutions!