Financial Inclusion Through Labour Force Participation Catalysed by Digitalisation
Keywords:
financial inclusion, labour force participation, SDGs, growth, development.Abstract
Financial inclusion (FI) has been recognized as an important determinant of growth and prosperity. FI simply means that individuals and businesses have access to useful and affordable financial products and services to fulfil their needs in a responsible and sustainable way, like monetary transactions, payments, savings, credit and insurance. The Digital India campaign of the Government of India has given a great impetus to opening of bank accounts, digital monetary transactions while ensuring the tracking of money transfers. It is acknowledged that for nations to develop and enhance the quality of life of its people, it must ensure that majority have a source of living and have access to basic amenities of life.
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