Financial inclusion of the unbanked masses is a critical step that requires political will, bureaucratic support, and consistent efforts by the central bank. Financial inclusion is expected to unlock the significant untapped potential of the bottom-of-pyramid section of the economy. India has made remarkable strides in enhancing financial inclusion, with notable progress in the areas of access, usage, and quality. This study delves into the status of financial inclusion in India, backed by financial technology and innovations. The aim is to assess the access and usage of financial inclusion in India. To fulfil this objective the analysis has been carried out in four steps. The overall period of analysis ranges from 2010 to 2022. The results reveal that there has been phenomenal progress in terms of access and usage of financial services in the country in the last decade. The study also highlighted the key challenges attributed to financial inclusion in India categorised into socio-economic, geographical, and structural factors.