FINANCIAL INCLUSION IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT OF RURAL AREAS

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Keywords:

financial education, financial inclusion, financial literacy, financial service, payment infrastructure, rural areas, rural development

Abstract

Financial inclusion is a means to make full use of financial services, which stimulates the introduction of innovation, mobilization of savings and investment support, and thus contributes to the economic development of territories. The purpose of the study is to substantiate scientific and practical approaches to determining the role and place of financial inclusion in sustainable development of rural areas. The state of financial inclusion in rural areas has been assessed having applied the statistical-economic and calculation-constructive methods. The abstract-logical method made it possible to prove the positive impact of financial inclusion on the sustainable development of rural areas and to offer proposals for its further advancement. It has been argued that the key tasks of financial inclusion in the context of sustainable development of rural areas are financial education, access to financial services, and protection of the rights of consumers of financial services.

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Author Biographies

Larysa Nedilska, Polissia National University

Assoc. Prof. Dr. 

Iryna Abramova, Polissia National University

Assoc. Prof. Dr. 

Nataliia Kurovska, Polissia National University

Assoc. Prof. Dr.

Halyna Martynyuk, Polissia National University

PhD

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Published

2021-10-04

How to Cite

Nedilska, L., Abramova, I., Kurovska, N., & Martynyuk, H. (2021). FINANCIAL INCLUSION IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT OF RURAL AREAS. Management Theory and Studies for Rural Business and Infrastructure Development, 43(3), 328–336. Retrieved from https://ejournals.vdu.lt/index.php/mtsrbid/article/view/2584

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