Why is financial inclusion important?

Financial inclusion is important because it ensures that everyone has access to the financial services they need to manage their money and improve their lives. Without access to basic financial services such as savings accounts, insurance, and credit, individuals and communities may be excluded from economic opportunities and face greater risks and vulnerabilities. Financial inclusion can help people to save money, invest in education or healthcare, start businesses, and build assets. It can also contribute to economic growth and reduce poverty and inequality.