Financial Inclusion Policies and Supply of Domestic Credit to Private Sector
Financial Inclusion Policies: are policies that ensure that all cohorts of the society are able to effectively and efficiently contribute toward economic and financial development of the nation.
National Financial Inclusion Strategic Plan: includes plans, strategies, and actions undertaken by the government to enhance the level of financial inclusiveness that exists in a society.
Private sector is a segment of the nation that is owned, organized, and managed by private individuals or enterprises (Lienert 2009). Considering the importance of the private sector to the economic growth rate, it is essential for the government to create an enabling business environment that will enhance savings, investment, and availability of domestic credit to private sector. A fundamental element of private sector development is access to finance. Facilitating...
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