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All Journal LEGAL BRIEF Jurnal Pengabdian Kepada Masyarakat Prosiding Seminar Nasional Indonesia Jurnal Pendidikan dan Keguruan INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE) Jurnal Salome (Multidisipliner Keilmuan) Journal of Community Dedication Jurnal Ilmu Pendidikan dan Kearifan Lokal (JIPKL)
Oskar Hutagaluh
Institut Agama Islam Sultan Muhammad Syafiuddin Sambas, Indonesia
Religion Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Mathematics Social Sciences Other

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THE ROLE OF INCLUSIVE FINANCE IN REDUCING ECONOMIC INEQUALITY Loso Judijanto; Oskar Hutagaluh
Prosiding Seminar Nasional Indonesia Vol. 2 No. 1 (2024): Prosiding Seminar Nasional Indonesia
Publisher : CV. Adiba Aisha Amira

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Abstract

Economic inequality is one of the global challenges that continues to be a concern for many countries. In an effort to address this issue, inclusive finance has emerged as a promising strategy. This study uses literature research method. The results show that inclusive finance has significant potential in reducing economic inequality through several mechanisms. First, by expanding access to formal financial services, inclusive finance enables low-income groups to save, obtain credit, and make investments. Second, inclusive finance programmes can improve financial literacy and encourage better financial decision-making. Third, inclusive finance supports the development of micro, small and medium enterprises (MSMEs), which play an important role in job creation and inclusive economic growth.
Co-Authors Adekni Adekni Asep Saepullah Elsa Mulya Karlina Hotmaria Hertawaty Sijabat Karman Karman Loso Judijanto Maryati Muhammad Haris Muspian Muspian Rona Rona Rona Sardjana Orba Manullang Silvia Ekasari Suryani Suryani Suryani Suryani U. Sulia Sukmawati Wulan Purnamasari Wulandari Wulandari