Women Centric Financial Inclusion: Need of the Hour

Financial services can help drive development. They help people escape poverty by facilitating investments in their health, education and businesses. And they make it easier to manage financial emergencies- such as a job loss or crop failure- that can push families into destitution. Many poor people around the world lack financial services that can serve these functions, such as bank accounts and digital payments. That’s why the world bank has made it a key priority to promote financial inclusion- access to and use of formal financial services. Increasing women’s financial inclusion is especially important as women disproportionately experience poverty, stemming from unequal division of labour and a lack of control over economic resources.