ROLE OF FINANCIAL INCLUSION IN THE PANDEMIC OF COVID – 19

Authors

N. Chithra, Dr. K. K. Sabarirajan (Associate Professor)
Annamalai University, Chidambaram, Tamilnadu, India.

Abstract

An increasing number of developing countries and emerging economies have imposed very strict lock down measures to prevent the uncontrollable spreading of the corona virus and turning the COVID – 19 crises into a humanitarian crisis. This paper made an attempt to address the effect of COVID – 19 on Financial Inclusion. The unbanked population suffers because of steep fall in income and the absence of a financial security need to keep them afloat during troubled times. Due to the virus crisis main effects like volatility in local currency rates, increasing oil prices, and gold rate further plague the situations.