Any effort to measure the various dimensions of financial inclusion is not possible without explaining the context and framework. The basic framework for measurement of financial inclusion should cover some important dimensions. First, financial inclusion, financial literacy and consumer protection are the three major planks of financial stability.
While financial inclusion acts from the supply side, providing the financial market/services that people demand, financial literacy stimulates the demand side, making people aware of what they can demand. The demand side issues in financial inclusion include knowledge of financial products and services, credit absorption capacity, etc. These issues are faced by both developing and developed countries.