National Strategy for Financial Inclusion

On 10th January, 2020, the Reserve Bank of India (RBI) released the five year (2019-24) National Strategy for Financial Inclusion (NSFI) with an objective to include all under formal access to finance - a key goal of the government.

  • The NSFI sets forth the vision and key objectives of the financial inclusion policies in India to help expand and sustain the financial inclusion process at the national level through a broad convergence of action involving all the stakeholders in the financial sector.
  • It aims to provide access to formal financial services in an affordable manner; broadening it’s coverage and promoting ....
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