Four Key Aspects of Financial Inclusion Services Presented by: iServeU
Description • Financial inclusion services aims at catering to and meeting up with the financial requirement needs of the economically backward section. • It promotes micro-lending of loans to economically backward section at simple documentation and biometrics verification. • Loans are offered at a minimum rate of interest and also prevents the lesser-privileged ones from falling victim in the hands of unscrupulous moneylenders.
Five Aspects of Financial Inclusion • Availability • Accessibility
• Affordability • Awareness
Images depicting Financial Inclusion Services:
Key points The four key points of financial inclusion services are: Availability, Accessibility, Affordability and Awareness. • Availability: It aims at making the financial inclusion modalities available near the remotest village via micro-ATM. • Accessibility: It means bringing financial inclusion services are at the doorstep via simple documentation like an Aadhar card and biometric verification. • Affordability: It aims at making the financial solutions affordable to the economically backward section. • Awareness: The motive is to make the unbanked, ignorant and economically backward section aware of the financial privileges provided to them via various fintech solutions.
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