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    Siddhant Mathur

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    Siddhant Mathur
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    Siddhant Mathur

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    of 1

    Answer – 2

    Due to insufficient income levels and market discrimination in


    developing regions, there are still millions of people involuntarily
    excluded from the financial system, which creates potential loss of
    savings, investable funds, and accumulation of wealth. Financial
    inclusion helps to fill these gaps and provide households and firms
    greater access to resources needed for finance consumption and
    investment and thereby raise the level of economic activity. In
    addition, financial inclusion makes growth inclusive: access to
    finance can enable economic agents to take part in long-term
    participatory investment activities, facilitate efficient allocation of
    productive resources and thus reduce the cost of capital, cope with
    unexpected short-term shocks, significantly improve day-to-day
    management of finances, and reduce usually exploitative informal
    sources of credit

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