How does financial inclusion promote economic growth?

Financial inclusion promotes economic growth by increasing access to financial services, which in turn allows individuals and businesses to save, invest, and access credit. This leads to increased entrepreneurship and economic activity, as people can access the capital needed to start businesses and invest in education and training. Financial inclusion also promotes financial stability, as it reduces the likelihood of financial exclusion and systemic risks associated with it. Additionally, financial inclusion can promote social inclusion by allowing marginalized communities to participate in economic activities and improve their standard of living. Overall, financial inclusion has the potential to reduce poverty, increase employment, and promote sustainable economic development.