Why is Financial Inclusion Important?

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Financial inclusion is a responsibility and effort of a country's government to ensure that all of their people can access financial services, be it banking, investment, insurance, and digital finance. Financial inclusion also ensures that low-income people and those living in remote areas no longer encounter obstacles in joining the formal financial ecosystem so that their welfare will increase. Financial inclusion not only provides access to financial services but also financial literacy and can take full advantage of financial inclusion.