Financial inclusion or inclusive financing means access to 1 Affordable and micro credit 2 Financial...........

Economic Affairs Financial Inclusion

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Financial inclusion or inclusive financing means access to:

1. Affordable and micro credit

2. Financial Advice

3. Insurance

4. Savings and remittances facilities

Choose the correct answer

1 only

1, 2 and 3 only

1, 2 and 4 only

1, 2, 3 and 4

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Explanation:

Financial Inclusion is the delivery of financial services (Not only Banking) at an affordable cost to the vast sections of the disadvantaged and low profile groups of the society. It helps the vulnerable groups such as low income groups, weaker sections, etc., to increase incomes, acquire capital, manage risk and work their way out of poverty through secure savings, appropriately priced credit and insurance products, and payment services.