We have defined financial inclusion as ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups, such as weaker sections and low income groups in particular, at an affordable cost, in a fair and transparent manner by regulated mainstream institutional players.
So, from the financial literacy perspective, it essentially involves two elements, one of access and the other of literacy. Who are the target groups and what messages to deliver? I shall argue here that everyone in the economy needs to be financially literate viz., users and providers of financial products/ services.