Financial Inclusion

Financial inclusion refers to the accessibility and availability of financial services to individuals and businesses, particularly those who are underserved or excluded from the traditional financial system. It encompasses a range of financial products and services, including banking, loans, insurance, and investment opportunities, aimed at ensuring that everyone has the means to participate in the economy.

The goal of financial inclusion is to provide equitable access to financial resources, enabling people to manage their finances effectively, save for the future, invest in their businesses, and protect themselves against risks. This concept emphasizes the importance of providing financial literacy, affordable financial products, and a supportive regulatory environment to help marginalized populations overcome barriers to accessing financial services.

In summary, financial inclusion aims to ensure that all individuals, regardless of their socio-economic status, have the opportunity to benefit from financial systems, thereby promoting economic stability and empowerment.