Reaching Sustainable Development Goals: The Contribution of Finance

The Sustainable Development Goals provide the framework for constructing a more sustainable and better future for everybody. The environment, inequality, economic expansion, climate change, poverty, justice, and peace are some of the topics they address. The UN General Assembly, on September 25, 2015, adopted both the 2030 ‘Agenda for Sustainable Development’ and the ‘Sustainable Development Goals’. All 193 of the General Assembly’s members, both developed and developing, have endorsed the agenda, which applies to all states. Despite the fact that the global goals do not specifically address financial inclusion, widespread financial services availability is a crucial facilitator for several goals. With 17 SDGs that support economic growth, sound foundations are necessary for economic progress. Sound economic development includes several key elements, including universal accessibility to financial and insurance services, new technologies, readily available bank loans, and improved resource allocation. Early in the 1990s, India made a significant step forward by liberalizing its economy, and in the 2000s, India made more progress toward economic justice and social improvement by implementing a range of financial inclusion policies and programs. Any program to promote financial inclusion should have a healthy economy as both a precondition and a goal. Financial inclusion models can support both the achievement of more fundamental development goals and the growth of the economy as a whole. The distribution of financial services to underprivileged populations has been greatly aided by digital finance, whether through the use of personal computers, the internet, mobile phones, or cards connected to trustworthy Digital Payment systems. The article’s goal is to examine in what way financial inclusion (FI) contributes to the accomplishment of Sustainable Development Goals (SDGs), as well as the influence of digitalization on the same.