Financial inclusion

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Financial inclusion

Posted by Ripon Abu Hasnat on Tuesday, February 26, 2019 | 0 comments

Financial inclusion or inclusive finance is that the delivery of economic services, at cheap costs, to sections of deprived and low financial gain segments of society.

Unrestrained access to public product and services is that the trigonometric function qua non of an open and economical society.

It is argued that as banking services area unit within the nature of public good; the supply of banking and payment services to the whole population while not discrimination is that the prime objective of this public policy. The term “financial inclusion” has gained importance since the first 2000s, and is a result of findings concerning money exclusion and its correlation to poorness.