Objectives of NFIS

1) Increase the level of financial inclusion (having at least one regulated financial service account) of all adults to 100 percent by 2025 to be measured by nationally authenticated evaluation framework with a view to moving towards ‘cash-lite society’;
2) Ensure the availability of a wide range of financial products and services capable of serving in different segments of the financial market and having capacity to meet multiple needs and demands of various population groups and different enterprises;
3) Develop the financial system to assure quality, relevance, and responsiveness of the financial products and services so that these are appropriately designed, priced and tailor-made to fit the specific needs and demands of the users;
4) Create digital financial infrastructure including DFS, Fintech, Regtech etc and effective interface using technology between financial products and services as well as delivery channels used by different providers such as banks, nonbank financial institutions, insurance companies, post offices, MFIs and other institutions;
5) Expand financial literacy and education supplemented by strong and robust consumer empowerment framework to empower the people and the entrepreneurs to make rational and well-informed financial decisions;
6) Create statistical capacity of regulatory bodies to collect and disseminate comprehensive and quality financial inclusion data disaggregated by sex, age, location and other aspects to monitor progress of implementation of this strategy and introduce adjustments, if necessary.
7) Transformation of informal sectors of economy to formal ones through financial inclusion.