Financial inclusion is expressed as the accessibility and equality of opportunities to use financial services. It means, providing a method by which simple people and businesses men can use proper, cheap and timely financial services and products. These contain loans, banking, equity, and insurance products. Financial inclusion is not only opening a bank account, they have to use the banking system. Financial inclusion normally targets those who are unbanked and provides guides about financial services to the unbanked.
30-01-2019 : The postage stamp on Financial Inclusion
Financial inclusion is the primary goal of the Government of India. It provides access to financial services to low-income households and small businesses. Comprehensive Financial Services committee had observed that the overall situation of Small Businesses and Low-Income Households was very poor in aspects of both finical inclusion and financial depth. Financial Inclusion is described as the spread of financial organization and financial facilities in the country while Financial Depth is described as the percentage of credit to GDP at several levels of the economy.
Buy postage stamp of Financial Inclusion from Philacy.