Business Studies, asked by Janvi2673, 1 year ago

What is meant by financial inclusion and its objectives?

Answers

Answered by sachinarora2001
3
Financial inclusion is that service or financial offer that is provided to every individual without any Discrimination.

Financial inclusion aims to eliminate the barriers and provide economically priced financial services to the less fortunate sections of the society so that they can be financially independent without depending on charity or other means of getting funds that are actually not sustainable. 

. It aims to include everybody in the society by giving them basic financial services without looking at a person’s income or savings.

Financial inclusion intends to help people secure financial services and products at economical prices such as deposits, fund transfer services, loans, insurance, payment services, etc.

Financial inclusion intends to increase awareness about the benefits of financial services among the economically underprivileged sections of the society.

It aims to provide tailor-made and custom-made financial solutions to poor people as per their individual financial conditions, household needs, preferences, and income levels.
Answered by payal961
3
financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs- transaction., payments, savings credits and insurance -delivered in a responsible and sustainable way..

financial inclusion intendes to help secure financial services and products at economical prices such as deposits, fund transfer services , loans and insurances...
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