What is financial inclusion?

Financial inclusion refers to the efforts made to provide individuals and communities with access to affordable financial services and products. This includes services such as savings accounts, credit, insurance, and other financial tools that are essential for managing and growing one's finances. Financial inclusion is particularly important for lowincome individuals and those living in underprivileged areas who may not have access to traditional banking services. By providing access to financial services, financial inclusion helps individuals build assets, manage risk, and improve their overall financial wellbeing.