Economics · Financial Inclusion
Financial inclusion is a recurring concern in the Indian banking system because access to formal savings, payments, credit, and insurance remains uneven across income groups and regions. The main objective of financial inclusion is to:
- 1replace all informal finance with direct government cash transfer only
- 2ensure every household borrows from scheduled commercial banks
- 3make banking services available only through digital channels
- 4provide universal access to affordable and appropriate financial services✓
Correct answer
provide universal access to affordable and appropriate financial services
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