Prime Minister Mahinda Rajapaksa, as the Minister of Finance, Economic and Policy Development, has put forward a proposal to implement an action plan of financial inclusion strategy.
Financial inclusiveness is the capability of obtaining formal financial services whenever subject to a bearable cost to all the individuals and entrepreneurs in society.
The proposed ‘National Financial Inclusion Strategy’ expects to provide an opportunity for all the citizens to access payments, savings, loans, insurance as well as financial tools and services such as pensions.
‘The National Financial Inclusion Strategy’, as well as the action plan for that, has been prepared for enhancing the financial inclusiveness of Sri Lanka with the contribution of the relevant stakeholders by the Central Bank of Sri Lanka.
The proposal has been approved by the Cabinet of Ministers at its meeting held earlier this week.
