Publication

Abstract : Financial inclusion plays a crucial part in nurturing economic advancement and mitigating the plight of poverty. India and Nigeria, two of the largest emerging economies globally, have made remarkable strides in advancing financial inclusion in recent times. This research paper presents a comparative analysis of the recent endeavours and policy recommendations pertaining to financial inclusion in both India and Nigeria. The study thoroughly examines the current status of financial inclusion in these countries, identifies the challenges faced by policymakers in overcoming these obstacles, and evaluates the efficacy of diverse policies implemented to foster financial inclusion. The findings indicate that although significant advancements have been made by both nations, there remains a considerable distance to cover in order to attain complete financial inclusion. The study recommends that policymakers give priority to the advancement of innovative financial products and services customised to meet the unique needs of low-income households and small businesses. Furthermore, policymakers need to tackle challenges pertaining to financial literacy, digital infrastructure, and regulatory frameworks to ensure the sustainability of financial inclusion endeavours in the long term.