Financial inclusion refers to the accessibility of financial services to all individuals, particularly those who are underserved or excluded from the traditional banking system. This includes services like savings accounts, loans, insurance, and payment systems, which help people manage their finances and improve their economic well-being.
The goal of financial inclusion is to ensure that everyone, regardless of their income level or location, can participate in the financial system. This can empower individuals and communities, fostering economic growth and reducing poverty by providing opportunities for investment and entrepreneurship.