; (ii) high price and non-price barriers such as lack of credit history and collateral and connection; and (iii) other constraints such as lack of literacy and entrepreneurial skills, etc. 16. Over the years, there has been substantive development in the architecture and thinking on financial inclusion.
While there is no “one-size fits all” strategy or approach but it is important to recognize few core or necessary conditions aside from host of other sufficient conditions that are needed to maximize the benefits derived from a well designed financial inclusion strategy. At the outset, it is critical to understand the size and dimension of financial exclusion. 17.