main pillars of the development agenda. Distress in the advanced economies has increased vulnerability of the poor and brought the needs for safety nets into even sharper focus.

- • inclusion intends to help people secure financial services and products at economical • inclusion intends to help people secure financial services and products at economical prices such as deposits, fund transfer services, loans, insurance, payment services, etc.
- • aims to establish proper financial institutions to cater to the needs of the poor people. These • aims to establish proper financial institutions to cater to the needs of the poor people. These institutions should have clear-cut regulations and should maintain high standards that are existent in the financial industry.
- • inclusion aims to build and maintain financial sustainability so that the less fortunate • inclusion aims to build and maintain financial sustainability so that the less fortunate people have a certainty of funds which they struggle to have.
- • inclusion also intends to have numerous institutions that offer affordable financial • inclusion also intends to have numerous institutions that offer affordable financial assistance so that there is sufficient competition so that clients have a lot of options to choose from. There are traditional banking options in the market. However, the number of institutions that offer inexpensive financial products and services is very minimal.
- • inclusion intends to increase awareness about the benefits of financial services • inclusion intends to increase awareness about the benefits of financial services among the economically underprivileged sections of the society.
- • process of financial inclusion works towards creating financial products that are suitable • process of financial inclusion works towards creating financial products that are suitable for the less fortunate people of the society.
- • inclusion intends to improve financial literacy and financial awareness in the nation. • inclusion intends to improve financial literacy and financial awareness in the nation.
- • inclusion aims to bring in digital financial solutions for the economically • inclusion aims to bring in digital financial solutions for the economically underprivileged people of the nation.
- • also intends to bring in mobile banking or financial services in order to reach the poorest • also intends to bring in mobile banking or financial services in order to reach the poorest people living in extremely remote areas of the country.
- • aims to provide tailor-made and custom-made financial solutions to poor people as per their • aims to provide tailor-made and custom-made financial solutions to poor people as per their individual financial conditions, household needs, preferences, and income levels.
- • are many governmental agencies and non-governmental organizations that are dedicated • are many governmental agencies and non-governmental organizations that are dedicated to bringing in financial inclusion. These agencies are focused on improving the access to receiving government-approved documents. Many poor people are unable to open bank accounts or apply for a loan as they do not have any identity proof. There are so many people who live in rural areas or tribal villages who do not have knowledge about documents such as PAN, Aadhaar, Driver's License, or Electoral ID. Hence, they cannot avail many of the services offered by governmental or private institutions. Due to lack of these documents, they are unable to avail any form of subsidies offered by the government that they are actually entitled to.