Financial inclusion

    ESG & Governance

    Access to affordable and useful financial services, such as accounts, credit, insurance and payments, for people and small businesses that have been underserved.

    For Indian banks, NBFCs and microfinance lenders, financial inclusion is both a social contribution and a growth market, supported by priority sector lending targets. The risk side is over-lending and harsh recovery practices. Social bonds often fund MSME and inclusion lending.

    Related terms