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

Relationship Manager
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Job
Employer: 
Ananya Finance for Inclusive Growth Private Ltd.
Location of Job: 
Hyderabad, India
Posted: 
17 Oct 2019
Closing: 
31 Oct 2019
Officer - Accounts
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Employer: 
Ananya Finance for Inclusive Growth Private Ltd.
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Publications

Enhancing Women’s Economic Empowerment Through Digital Cash Transfers: Analysis of the Digitize/Direct/Design Criteria Applied to the National Rural Employment Guarantee Scheme in Bihar, India
Evaluating digital financial services for women’s economic empowerment
Type: 
Paper
Date: 
Jan 2019
Author: 
Simone Schaner & Charity Troyer Moore
Publisher: 
Bill & Melinda Gates Foundation
Inclusive Finance India Report 2018
Evidence on the annual trends and progress of financial inclusion in India
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Paper
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Author: 
Alok Misra & Ajay Tankha
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Access-Assist
Enablers for Direct Benefit Transfers of Fertiliser Subsidy
Providing ideas for cash transfer pilots for fertilizer subsidy
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See more in French (32), Spanish (14), Arabic (4)

Announcements

ICC Academy Launches New Certification on Microfinance
Type: 
General
Source: 
ICC Academy
Date: 
26 Aug 2019
India: Sahmati Account Aggregator Platform to Allow Borrowers to Share Credit Histories Digitally With Microfinance Lenders
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General
Source: 
MicroCapital
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16 Aug 2019
India: Regulators Come Together to Make Applying for Loans Less Cumbersome for Users
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Source: 
Business Standard
Date: 
29 Jul 2019
View All Announcements

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

Trainings & Events

International Program on Inclusive Banking & Finance
Type: 
Training
Event location: 
Pune, India
Date: 
11 Nov 2019 - 23 Nov 2019
Inclusive Finance India Summit 2019
Type: 
Event
Event location: 
New Delhi, India
Date: 
04 Dec 2019 - 05 Dec 2019

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

Relationship Manager
Type: 
Job
Employer: 
Ananya Finance for Inclusive Growth Private Ltd.
Location of Job: 
Hyderabad, India
Posted: 
17 Oct 2019
Closing: 
31 Oct 2019
Officer - Accounts
Type: 
Job
Employer: 
Ananya Finance for Inclusive Growth Private Ltd.
Location of Job: 
Ahmedabad, India
Posted: 
17 Oct 2019
Closing: 
25 Oct 2019
Coordinator, Lakshyavati
Type: 
Internship
Employer: 
Grameen Foundation India
Location of Job: 
Bhandara or Maharashtra, India
Posted: 
09 Oct 2019
Closing: 
26 Oct 2019
View All Jobs & Internships

Publications

Enhancing Women’s Economic Empowerment Through Digital Cash Transfers: Analysis of the Digitize/Direct/Design Criteria Applied to the National Rural Employment Guarantee Scheme in Bihar, India
Evaluating digital financial services for women’s economic empowerment
Type: 
Paper
Date: 
Jan 2019
Author: 
Simone Schaner & Charity Troyer Moore
Publisher: 
Bill & Melinda Gates Foundation
Inclusive Finance India Report 2018
Evidence on the annual trends and progress of financial inclusion in India
Type: 
Paper
Date: 
Dec 2018
Author: 
Alok Misra & Ajay Tankha
Publisher: 
Access-Assist
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)
View All Publications

See more in French (32), Spanish (14), Arabic (4)

Announcements

ICC Academy Launches New Certification on Microfinance
Type: 
General
Source: 
ICC Academy
Date: 
26 Aug 2019
India: Sahmati Account Aggregator Platform to Allow Borrowers to Share Credit Histories Digitally With Microfinance Lenders
Type: 
General
Source: 
MicroCapital
Date: 
16 Aug 2019
India: Regulators Come Together to Make Applying for Loans Less Cumbersome for Users
Type: 
General
Source: 
Business Standard
Date: 
29 Jul 2019
View All Announcements

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

Trainings & Events

International Program on Inclusive Banking & Finance
Type: 
Training
Event location: 
Pune, India
Date: 
11 Nov 2019 - 23 Nov 2019
Inclusive Finance India Summit 2019
Type: 
Event
Event location: 
New Delhi, India
Date: 
04 Dec 2019 - 05 Dec 2019

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