How does financial inclusion impact financial literacy?

Financial inclusion can positively impact financial literacy by providing access to financial services and products that can educate people about financial matters. When people have access to financial services, they can learn about banking, saving, and investing, and how these can help them achieve their financial goals. They can also learn about managing their finances, budgeting, and using credit responsibly.

In addition, financial inclusion can provide opportunities for financial education and literacy programs. These programs can help people develop the knowledge and skills they need to make informed financial decisions and manage their money effectively. Financial education can be particularly important for vulnerable groups, such as lowincome households and those with limited access to financial services.

Overall, financial inclusion and financial literacy can go hand in hand, with financial services and education complementing each other to help people build a more secure financial future.