India

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KEY FINANCIAL INCLUSION INDICATORS

  • Financial inclusion:
    • % of adults (age 15+) with an account: 79.9%
       
  • Gender gap: 6.4 percentage points
    • % of women with an account: 76.6%
    • % of men with an account: 83%
       
  • Digital access (adults age 15+):
    • Mobile money account: 2%
    • Made or received digital payments in the past year: 28.7%

Source: 2017 Global Findex - Databank, Little Data Book

Region: 
South Asia

Additional resources

MFIN - Microfinance Institutions Network of India
Sa-Dhan - Association of Community Development Finance Institutions
MIX FINclusion Lab: India
MIX Market: India Market Overview
Financial Services for the Poor Interactive Map: India
World Bank Country Profile: India

Featured resources

Blog
Woman conducting business on mobile phone, India. Photo credit: Chara Lata Sharma, 2017 CGAP Photo Contest.
Grappling With India’s National Biometric-Based Payments System
India’s Aadhaar Enabled Payment System (AePS) is the world’s first national biometric-based payments system. In the two years since its launch, AePS has revealed both benefits and challenges as it...
May 2018
By Rahul Ranjan Sinha & Gaurav Chakraverty
Blog
Microfinance clients in India. Photo credit: Grameen Foundation India
Digital Winds of Change in Rural India
How can MFIs manage the inevitable change as the world goes digital? Collaboration is one key strategy. Grameen Foundation India shares how an MFI-Fintech collaboration is transforming the lives of poor rural women.
July 2017
By Gopika Gulati & Gaurav Chakraverty

Related Content

Jobs & Internships

MIX Ambassador
Type: 
Internship
Employer: 
MIX
Location of Job: 
Hyderabad, India
Posted: 
20 Mar 2019
Closing: 
30 Apr 2019
Personal Assistant to CEO
Type: 
Job
Employer: 
SMILE Microfinance Limited
Location of Job: 
Chennai, India
Posted: 
10 Feb 2019
Closing: 
31 Mar 2019
Field Operations Manager, India
Type: 
Job
Employer: 
Women's World Banking
Location of Job: 
Chennai or Bangalore, India
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23 Dec 2018
Closing: 
31 Jul 2019
View All Jobs & Internships

Publications

Enablers for Direct Benefit Transfers of Fertiliser Subsidy
Providing ideas for cash transfer pilots for fertilizer subsidy
Type: 
Paper
Date: 
Sep 2018
Author: 
Arshi Aadil & Ritesh Rautela
Publisher: 
MicroSave Consulting (MSC)
Barriers to Direct Benefit Transfers for Fertilizer Subsidy
Outlining the challenges in distributing the Indian government fertilizer subsidy
Type: 
Brief
Date: 
Sep 2018
Author: 
Arshi Aadil, Ritesh Rautela
Publisher: 
MicroSave Consulting (MSC)
Basic Regulatory Enablers for Digital Financial Services
Guiding policy makers to create an enabling environment for digital financial services
Type: 
Paper
Date: 
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Author: 
Stefan Staschen & Patrick Meagher
Publisher: 
CGAP
View All Publications

See more in French (30), Spanish (13), Arabic (4)

Announcements

Incofin Sells Equity Stake in Annapurna Microfinance of India as Asian Development Bank, Bamboo Financial Inclusion Fund, Oikocredit Buy In
Type: 
General
Source: 
MicroCapital
Date: 
14 Feb 2019
The Reserve Bank of India Introduces Ombudsman Scheme for Digital Transactions
Type: 
Press release
Source: 
Reserve Bank of India
Date: 
01 Feb 2019
India: Reserve Bank of India Is Working on Public Credit Registry to Improve Access to Micro Credit
Type: 
General
Source: 
Syminvest
Date: 
29 Jan 2019
View All Announcements

See more in French (4), Spanish (5), Arabic (4)

Trainings & Events

International Training Program on Embracing Digitization for Finance and Governance
Type: 
Training
Event location: 
Lucknow, India
Date: 
25 Mar 2019 - 28 Mar 2019

Blogs

Three Steps for Closing India’s Gender Gap in Digital Financial Services
Grameen Foundation India's experience with improving women’s digital financial literacy
Type: 
Blog
Date: 
Nov 2018
Grappling With India’s National Biometric-Based Payments System
The bumpy road to scaling digital financial services with the Aadhaar Enabled Payment System
Type: 
Blog
Date: 
May 2018
Digital Winds of Change in Rural India
How an MFI-Fintech collaboration is transforming the lives of poor rural women
Type: 
Blog
Date: 
Jul 2017

Jobs & Internships

MIX Ambassador
Type: 
Internship
Employer: 
MIX
Location of Job: 
Hyderabad, India
Posted: 
20 Mar 2019
Closing: 
30 Apr 2019
Personal Assistant to CEO
Type: 
Job
Employer: 
SMILE Microfinance Limited
Location of Job: 
Chennai, India
Posted: 
10 Feb 2019
Closing: 
31 Mar 2019
Field Operations Manager, India
Type: 
Job
Employer: 
Women's World Banking
Location of Job: 
Chennai or Bangalore, India
Posted: 
23 Dec 2018
Closing: 
31 Jul 2019
View All Jobs & Internships

Publications

Enablers for Direct Benefit Transfers of Fertiliser Subsidy
Providing ideas for cash transfer pilots for fertilizer subsidy
Type: 
Paper
Date: 
Sep 2018
Author: 
Arshi Aadil & Ritesh Rautela
Publisher: 
MicroSave Consulting (MSC)
Barriers to Direct Benefit Transfers for Fertilizer Subsidy
Outlining the challenges in distributing the Indian government fertilizer subsidy
Type: 
Brief
Date: 
Sep 2018
Author: 
Arshi Aadil, Ritesh Rautela
Publisher: 
MicroSave Consulting (MSC)
Basic Regulatory Enablers for Digital Financial Services
Guiding policy makers to create an enabling environment for digital financial services
Type: 
Paper
Date: 
May 2018
Author: 
Stefan Staschen & Patrick Meagher
Publisher: 
CGAP
View All Publications

See more in French (30), Spanish (13), Arabic (4)

Announcements

Incofin Sells Equity Stake in Annapurna Microfinance of India as Asian Development Bank, Bamboo Financial Inclusion Fund, Oikocredit Buy In
Type: 
General
Source: 
MicroCapital
Date: 
14 Feb 2019
The Reserve Bank of India Introduces Ombudsman Scheme for Digital Transactions
Type: 
Press release
Source: 
Reserve Bank of India
Date: 
01 Feb 2019
India: Reserve Bank of India Is Working on Public Credit Registry to Improve Access to Micro Credit
Type: 
General
Source: 
Syminvest
Date: 
29 Jan 2019
View All Announcements

See more in French (4), Spanish (5), Arabic (4)

Trainings & Events

International Training Program on Embracing Digitization for Finance and Governance
Type: 
Training
Event location: 
Lucknow, India
Date: 
25 Mar 2019 - 28 Mar 2019

Blogs

Three Steps for Closing India’s Gender Gap in Digital Financial Services
Grameen Foundation India's experience with improving women’s digital financial literacy
Type: 
Blog
Date: 
Nov 2018
Grappling With India’s National Biometric-Based Payments System
The bumpy road to scaling digital financial services with the Aadhaar Enabled Payment System
Type: 
Blog
Date: 
May 2018
Digital Winds of Change in Rural India
How an MFI-Fintech collaboration is transforming the lives of poor rural women
Type: 
Blog
Date: 
Jul 2017