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What is Financial Inclusion Strategies in India about?

Financial inclusion aims to ensure all citizens, including disadvantaged groups, have access to banking and financial services. It provides benefits like increased savings and investment, better delivery of subsidies, lower transaction costs, and a buffer against emergencies. Recent Indian government initiatives to promote financial inclusion include programs linking bank accounts, Aadhaar IDs, and mobile phones, as well as pension and insurance schemes. However, challenges remain, as many remain outside th

Author

ashish

Language

EN