Impact of Financial Inclusion for Achieving Sustainable Development for Removing Poverty in all Forms: A Review Study from India

This study examines how financial inclusion has affected India’s efforts to reduce poverty in recent years. The same researcher reviewed a number of studies and reports that were released a few years ago in order to establish a connection between the role of financial inclusion and India’s Sustainable Development Goal No. 1 (End Poverty in All Its Forms). Following a thorough analysis of the literature, it was discovered that there is little correlation between extreme poverty in developing nations and financial inclusion. People and businesses require financial goods and services that are practical, reasonably priced, and suit their needs in terms of transactions, payments, savings, credit, and insurance that are supplied in an ethical and sustainable manner. The degree to which underprivileged groups, especially women, can equally access and use financial services determines the efficiency of financial inclusion. Our results implied that financial inclusion can be used by policymakers as a tool for reducing poverty.