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Barriers to Financial Inclusion for the Unbanked by Saamarth Singh is a document available to read on EtoBox.

What is Barriers to Financial Inclusion for the Unbanked about?

Despite advancements in technology, around 2 billion people remain unbanked due to challenges such as low financial literacy, lack of formal identification, and consumer protection issues. Women and the rural poor face additional barriers, including higher interest rates and limited access to credit. Policymakers must address these hurdles to promote financial inclusion by improving education, simplifying ID processes, and ensuring the utility of bank accounts for economic welfare.

Author

Saamarth Singh

Language

EN