Financial inclusion inclusive growth initiatives from "summary" of Indian Economy: Performance and Policies by Uma Kapila
Financial inclusion initiatives are a crucial component of inclusive growth strategies in the Indian economy. These initiatives aim to provide access to financial services to all sections of society, especially the marginalized and underserved populations. By ensuring that everyone has access to banking, credit, insurance, and other financial services, these initiatives help to reduce poverty, promote entrepreneurship, and foster economic development. One of the key objectives of financial inclusion initiatives is to promote savings and investment among low-income households. By providing them with access to formal banking services, these initiatives encourage individuals to save money, which can then be used for investment in education, healthcare, or starting a small business. This, in turn, helps to create a more financially secure and sta...
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