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

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

Announcements

India: CreditAccess Grameen to Buy Madura Microfinance
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Blogs

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Examining the financial regulation of consumer-facing fintech in India
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Want To Stay in Business? Keep Your Loan Officers Happy
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Jobs & Internships

Manager – Technology Strategy
Type: 
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14 Dec 2019
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Product Manager
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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
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Type: 
Paper
Date: 
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Author: 
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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

India: CreditAccess Grameen to Buy Madura Microfinance
Type: 
General
Source: 
Syminvest
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ICC Academy Launches New Certification on Microfinance
Type: 
General
Source: 
ICC Academy
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Source: 
MicroCapital
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16 Aug 2019
View All Announcements

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

Blogs

Who Bears the Risk in Fintech?
Examining the financial regulation of consumer-facing fintech in India
Type: 
Blog
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Nov 2019
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
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Blog
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Nov 2018
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