India, Aug. 12 -- The Government of India has issued a release:
Several indicators highlight the significant progress made in expanding financial access, infrastructure and participation across India.
World Bank Global Findex
Banking Access Network
Pradhan Mantri Jan - Dhan Yojana (PMJDY)
JAM Trinity
Total Direct Benefit Transfer
No. of Schemes
No. of Ministries Involved
(as on 10 August, 2026)
Rs. 52,89,019 Cr
320
56
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Gross Enrolments
No. of Claim Received
No. of Claims Disbursed
(as on 30 June 2026)
27.78 Cr
11,31,505
10,97,751
Gross Enrolments
No. of Claim Received
No. of Claims Disbursed
(as on 30 June 2026)
58.66 Cr
2,56,526
1,89,057
Total Subscribers
Male Subscribers
Female Subscribers
Transgender Subscribers
(as on 30 June 2026)
9.29 crore
4.72 crore (50.8%)
4.56 crore (49.16%)
26,599 (0.028%)
PM Mudra Yojana
No. of Loans Sanctioned
Amount Sanctioned
(as on 27 March, 2026)
57.79 crore
Rs.40.07 lakh crore
Total Beneficiaries
Loans Disbursed
Total Loan Value
(as on May 2026)
More than 75.5 lakh
Over 1.12 crore
More than Rs.17,800 crore
Kisan Credit Card (KCC)
Total number of KCC/ISS applications (as on 10 August 2026)
Commercial Bank
Rural Bank
Cooperative Bank
763.6 lakh
368.6 Lakh
1242.0 Lakh
No. of Applications
Amount of Applications
(as on 1 June 2026)
54.10 lakh
Rs. 3,00,951 crore
UPI
Volume of Transactions
Value of Transactions
No. of Banks live on UPI
(as on July 2026)
2,365.8 crore
29,87,880.49 crore
741
National Centre for Financial Education (NCFE)
Workshops Conducted
Beneficiaries
Male
Female
(as on 10 August, 2026)
31,082
10,68,571
373,999 (35%)
694,572 (65%)
Financial Education Programme for Adults (FEPA)
Workshops Conducted
Beneficiaries Covered
(as on 10 August, 2026)
19,266
6,48,512
PMJDY accounts Opened
PMJJBY Enrolments
PMSBY Enrolments
APY Enrolments
(as on 31st October 2025)
1.11 crore
1.40 crore
2.86 crore
44.43 lakh
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Atal Pension Yojana (APY)
Jan Samarth
RBI's Financial Inclusion (FI) Index
PM SVANidhi
Nationwide Financial Inclusion Saturation Campaign
Introduction
Financial inclusion is central to India's vision of equitable development. Over the past decade, India has expanded access to banking, digital payments, credit, insurance, pensions and investment opportunities. Digital Public Infrastructure and citizen-centric reforms have driven this transformation. India has moved beyond universal bank account ownership towards active participation in the formal financial system. This transformation has empowered millions of households, entrepreneurs and businesses.
Key Indicators of Financial Inclusion in India
The RBI's FI Index measures the extent of financial inclusion across access, usage and quality of financial services. It serves as a comprehensive indicator of progress in expanding formal financial services nationwide. The FI Index increased from 43.4 in March 2017 to 70.0 in March 2026, reflecting broad-based improvements across all three dimensions.
The Global Findex Database is the world's leading source of data on financial inclusion. It measures how adults access and use financial services across economies. The Global Findex 2025 highlights India's remarkable progress in financial inclusion. Account ownership has reached 89% since 2011, reflecting significant gains in access to formal financial services and active account usage over the past decade.
Bank branches remain the foundation of India's formal banking system. They provide savings, credit and other financial services across the country. India has over 1.81 lakh bank branches (17 July 2026).
Banking access is delivered through branches, Business Correspondents and India Post Payments Bank (IPPB) outlets. As of 6 March 2026, 99.92% villages in the country are covered with banking outlets within a 5 km radius.
IPPB strengthens last-mile banking through over 1.65 lakh post offices (17 July, 2026). It serves more than 11 crore customers across 5.57 lakh villages and towns.
Business Correspondents extend doorstep banking services to unbanked and under-banked areas. India has over 17.36 lakh BC supporting doorstep banking services nationwide (17 July 2026).
Pillars of Financial Inclusion
India's financial inclusion ecosystem rests on interconnected policy and institutional pillars. They promote universal access and meaningful participation in the formal financial system.
Universal Banking
Social Security for All
Inclusive Credit
Digital Financial Inclusion
Financial Literacy
From Access to Empowerment
India's financial inclusion journey has evolved from expanding account ownership to enabling meaningful financial participation. A strong network of banks, digital infrastructure and government schemes has widened access to formal financial services. PMJDY, JAM trinity, social security and inclusive credit have strengthened financial resilience across diverse sections of society. Digital payments and financial literacy are further enabling citizens to participate confidently in the formal financial system. Together, these initiatives are building a more accessible, resilient and inclusive financial ecosystem that supports inclusive growth.
References
Ministry of Finance
https://www.pib.gov.in/PressReleasePage.aspx?PRID2293812®48&lang1&noshow1
https://www.pib.gov.in/PressReleasePage.aspx?PRID2246857®48&lang2
https://www.pib.gov.in/PressReleasePage.aspx?PRID2293812®48&lang1&noshow1
https://pmjdy.gov.in/scheme
https://pmjdy.gov.in/account
https://dbtbharat.gov.in/
https://dfs.dashboard.nic.in/DashboardF.aspx
https://www.jansamarth.in/home
https://www.pib.gov.in/PressReleasePage.aspx?PRID2188526®48&lang2
https://www.pib.gov.in/PressReleasePage.aspx?PRID2257087®3&lang1
NPCI
https://www.npci.org.in/product/upi/product-statistics
Ministry of Communications
https://www.pib.gov.in/PressReleasePage.aspx?PRID2138023®48&lang2
Ministry of Road Transport & Highways
https://www.pib.gov.in/PressReleasePage.aspx?PRID2086611®48&lang2
Ministry of Agriculture and Farmers Welfare
https://fasalrin.gov.in/
Ministry of Electronics and Information Technology
https://socialwelfare.vikaspedia.in/viewcontent/social-welfare/financial-inclusion/financial-literacy/national-centre-for-financial-education-ncfe?lgnen
World Bank
https://www.worldbank.org/en/publication/globalfindex
PIB Backgrounders
https://www.pib.gov.in/PressNoteDetails.aspx?ModuleId3&NoteId154980&lang1®3
https://www.pib.gov.in/FactsheetDetails.aspx?Id149258®48&lang2
https://www.pib.gov.in/PressNoteDetails.aspx?NoteId158149&ModuleId2®20&lang8
https://www.pib.gov.in/PressNoteDetails.aspx?id158322&NoteId158322&ModuleId3®3&lang1
https://www.pib.gov.in/PressReleasePage.aspx?PRID2266920®3&lang1
https://www.pib.gov.in/PressReleasePage.aspx?PRID2285236®3&lang1
https://www.pib.gov.in/PressNoteDetails.aspx?NoteId158466&ModuleId3®3&lang2
https://www.pib.gov.in/PressNoteDetails.aspx?NoteId158056&ModuleId3®3&lang2
https://www.pib.gov.in/PressReleasePage.aspx?PRID2269253®3&lang1
Others
https://newsonair.gov.in/countrys-improvised-financial-inclusion-index-shows-continued-progress-in-financial-services-rbi/
Financial Literacy App by NCFE
https://ncfe.org.in/
Financial Inclusion in India: Banking Every Citizen, Empowering Every Household
Disclaimer: Curated by HT Syndication.
