Financial Literacy and its Impact on Financial Inclusion in Rural Areas of Punjab

Abstract

Financial inclusion is articulated as the procedure of guaranteeing right to use suitable newlinefinancial products and services necessary by every segment of general public in common and newlineexposed groups such as deprived segments at a reasonable cost in a translucent mode by newlinemajority institutional players. As indicated by the Global Findex information base 2017, 83 newlinepercent of males in our nation apprehended records at a financial institution contrasted with newline77 percent females (World Bank, 2018). For the oppressed, admittance to finance and newlineguaranteeing the ideal usage of the assets have a significant role in financial and cultural newlinevulnerabilities as their income can undesirably affects the financial soundness. newline