Besides facilitating overall economic growth, finance can help individuals smooth their income, insure themselves against risks and broaden investment opportunities. Empirical evidence shows that inclusive financial systems significantly raise growth, alleviate poverty and expand economic opportunity. This paper lays out several principles that should be kept in mind when designing such systems, supported by a case study of ICICI Bank.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/inclusive-financial-systems
[2] http://admin.indiaenvironmentportal.org.in/category/author/bindu-ananth
[3] http://admin.indiaenvironmentportal.org.in/category/author/nachiket-mor
[4] http://admin.indiaenvironmentportal.org.in/category/journal/economic-and-political-weekly
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/poverty
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-development
