Index of Financial Inclusion

The demand in the study of the topic ‘Financial Inclusion' is of higher priority for the governments of many countries. It is very important for any economically developed nations to have financially inclusive system to all the parts of its society. Thus keeping this in mind, this study would be aimed to develop a suitable statistical tool in order to obtain Index of Financial Inclusion (IFI). The study would be based on the secondary data on some of the available influencing factors. IFI of all the districts in Uttar Pradesh (UP) would be enumerated. The main objective of the study is to provide a statistically justified weighing method for assignment of appropriate weights to the factors according to their importance and give a proper method to obtain the individual dimension indices and further combine the individual indexes and the weights to obtain The proposed index lies in between 0 to ∞, where 0 represents complete financial exclusion and ∞ indicates possibility of improvement