Current developments, challenges and way forward in respect of sectoral growth in Financial Inclusion

 

Financial inclusion is progressively being established as a crucial driver of economic growth and poverty alleviation factor the world over. Financial inclusion basically involves individual’s access to financial products and services such as transactions, payments, savings, credit, insurance  at a reasonable cost and to invest in healthcare or education, start or improve a business, manage risks and withstand ‘financial shocks’, which subsequently improves the overall quality of their lives.

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