What is financial inclusion?

Financial inclusion refers to the accessibility and availability of financial services for individuals and businesses, particularly those in underserved or marginalized communities. This includes access to savings, credit, insurance, and payment services that are affordable, reliable, and convenient. By promoting financial inclusion, individuals can improve their financial well-being, invest in their future, and participate more fully in the economy. The ultimate goal of financial inclusion is to empower individuals to achieve economic security and create opportunities for sustainable economic growth.

This mind map was published on 21 February 2024 and has been viewed 123 times.