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

Human Resources Manager
Type: 
Job
Employer: 
Agora Microfinance India Limited (AMIL)
Location of Job: 
Mumbai, India
Posted: 
16 Apr 2019
Closing: 
30 Apr 2019
Head of Finance and Compliance, India
Type: 
Job
Employer: 
Women's World Banking
Location of Job: 
Mumbai or Chennai, India
Posted: 
11 Apr 2019
Closing: 
31 Aug 2019
Deputy CEO
Type: 
Job
Employer: 
Agora Microfinance India Limited (AMIL)
Location of Job: 
Mumbai, India
Posted: 
09 Apr 2019
Closing: 
05 May 2019
View All Jobs & Internships

Publications

Enablers for Direct Benefit Transfers of Fertiliser Subsidy
Providing ideas for cash transfer pilots for fertilizer subsidy
Type: 
Brief
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)
Digital Governance in Developing Countries: Beneficiary Experience and Perceptions of System Reform in Rajasthan, India
What do recipients think of new digital processes for receiving public benefits?
Type: 
Paper
Date: 
Jul 2018
Author: 
Alan Gelb, Anit Mukherjee & Kyle Navis
Publisher: 
Center for Global Development
View All Publications

See more in French (31), Spanish (13), Arabic (4)

Announcements

Xiaomi Takes on Google, Paytm With India Pay Launch
Type: 
General
Source: 
Mobile World Live
Date: 
22 Mar 2019
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
View All Announcements

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

Blogs

Want To Stay in Business? Keep Your Loan Officers Happy
Six steps for improving working conditions for microfinance field staff
Type: 
Blog
Date: 
Mar 2019
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
View All Blogs

Jobs & Internships

Human Resources Manager
Type: 
Job
Employer: 
Agora Microfinance India Limited (AMIL)
Location of Job: 
Mumbai, India
Posted: 
16 Apr 2019
Closing: 
30 Apr 2019
Head of Finance and Compliance, India
Type: 
Job
Employer: 
Women's World Banking
Location of Job: 
Mumbai or Chennai, India
Posted: 
11 Apr 2019
Closing: 
31 Aug 2019
Deputy CEO
Type: 
Job
Employer: 
Agora Microfinance India Limited (AMIL)
Location of Job: 
Mumbai, India
Posted: 
09 Apr 2019
Closing: 
05 May 2019
View All Jobs & Internships

Publications

Enablers for Direct Benefit Transfers of Fertiliser Subsidy
Providing ideas for cash transfer pilots for fertilizer subsidy
Type: 
Brief
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)
Digital Governance in Developing Countries: Beneficiary Experience and Perceptions of System Reform in Rajasthan, India
What do recipients think of new digital processes for receiving public benefits?
Type: 
Paper
Date: 
Jul 2018
Author: 
Alan Gelb, Anit Mukherjee & Kyle Navis
Publisher: 
Center for Global Development
View All Publications

See more in French (31), Spanish (13), Arabic (4)

Announcements

Xiaomi Takes on Google, Paytm With India Pay Launch
Type: 
General
Source: 
Mobile World Live
Date: 
22 Mar 2019
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
View All Announcements

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

Blogs

Want To Stay in Business? Keep Your Loan Officers Happy
Six steps for improving working conditions for microfinance field staff
Type: 
Blog
Date: 
Mar 2019
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
View All Blogs