Inclusive Finance India Report 2025

The Inclusive Finance India Report provides a comprehensive overview of India’s progress toward universal financial inclusion, reviewing the performance of key institutions and delivery models, including banks, non-banking finance companies, self-help groups, microfinance institutions, agents, and fintechs.

It examines government programs and digital initiatives aimed at overcoming last-mile challenges, alongside contributions from investors, research institutions, apex bodies, and regulators. This edition also covers priority themes such as the role of private sector banks, MSME finance, UPI, gender and financial inclusion, inclusive insurance and pensions, and emerging issues including cybersecurity, data protection, digital public infrastructure for agriculture, and measuring effective use of financial services.

The report aims to inform policy development, highlight effective models and initiatives, and identify remaining gaps in policy and practice.