ABSTRACT
Financial inclusion is the process through which all participants in the economy can easily
access, utilize, and be part of the official financial system. There is ample evidence of the
benefits of an inclusive approach in the expanding body of research on financial inclusion.
Monetary structure. But we note that there isn't a single, all-encompassing metric that can be
used to gauge how much financial inclusion there is in an economy.This study aims to close
this gap and provide a novel contribution. We suggest developing an index of financial
inclusion (IFI) using a multifaceted methodology. The IFI that has been built here can be
used to compare financial inclusion levels at a given period in different economies.
Additionally, it can be used to track the advancement of legislative measures for long-term
financial inclusion.
Keywords: Financial inclusion, growth, multidimensional approach policy initiatives,
financial system