RBI unveils new five-year roadmap for financial inclusion

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The North News

Mumbai, December 1

The Reserve Bank of India has released a new national strategy aimed at expanding and strengthening financial inclusion across the country over the next five years. The National Strategy for Financial Inclusion (NSFI): 2025–30 was launched in Mumbai by RBI Governor Sanjay Malhotra after being approved by the Financial Stability and Development Council’s sub-committee.

The plan outlines a “synergistic ecosystem approach” to ensure more reliable access to financial services, particularly for low-income households and micro-enterprises. It sets out five strategic pillars, called Panch-Jyoti, which focus on improving access to affordable financial services, boosting women-led inclusion, strengthening livelihood linkages, promoting financial education and enhancing customer protection.

The strategy includes 47 action points and was drafted after extensive consultations with the Finance Ministry, market regulators, and institutions such as NABARD and the National Skill Development Corporation. It builds on the previous 2019–24 plan, which the RBI says led to marked improvements in access, usage and quality of financial services nationwide.

Officials said the new framework aims to consolidate earlier gains while addressing persistent gaps, particularly for underserved and vulnerable communities.