financial inclusion
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 bank accounts, credit, insurance, and payment systems, which help people manage their money and improve their economic situation.
Promoting financial inclusion aims to empower individuals and communities by providing them with the tools needed for financial stability and growth. It can lead to increased savings, better investment opportunities, and enhanced economic participation, ultimately contributing to broader economic development and reducing poverty.