Achieving social fairness requires a development strategy that includes financial inclusion. (125 Words) [UPPSC 2022]
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Comment:
Financial inclusion is vital for achieving social justice by ensuring equitable access to financial services for all segments of society, including the marginalized and economically disadvantaged. It promotes social equity by providing individuals with access to savings accounts, credit, insurance, and investment opportunities, enabling them to participate in the economic mainstream.
Benefits:
In essence, financial inclusion facilitates social justice by providing financial opportunities and resources to underrepresented communities, promoting a more equitable and inclusive society.