ON THE PROBLEM OF THE RELATIONSHIP BETWEEN FINANCIAL ACCESSIBILITY IN SMALL BUSINESS DEVELOPMENT AND POVERTY REDUCTION IN CONDITIONS OF INSTABILITY

Abstract

The purpose of the work. The purpose of the article is to analyze the significance of financial inclusion for sustainable economic development, its link substantiated with the possibilities for expanding the small business sector and reducing poverty. The following tasks were set and addressed in order to achieve the goal of the study: systematization of approaches to the importance of financial inclusion for poverty reduction and growth of entrepreneurial activity; analysis of the level of accessibility of financial services to the population of the Republic of Tajikistan; formulation of proposals for improving these processes. Method and methodology of work. The article uses methods of literary analysis, comparative (comparative) evaluation, generalization, analysis and synthesis, systematization, grouping and logical generalization, as well as a systematic approach to the disclosure and solution of the problems of supporting inclusive entrepreneurship in the Republic of Tajikistan based on the implementation of foreign experience. Results and conclusions. It has been argued that simply increasing access to financial services will not solve the problem of reducing poverty or boosting entrepreneurial activity. Public authorities should play a meaningful role in organizing the process of facilitating access to financial services by encouraging financial institutions to meet the unmet demand of categories of the population (the poor and small businesses) that are not covered by banking services. It is shown that the main areas include: policy, technology and partnerships between government, financial institutions and fintech industry. The proposed directions for eliminating low financial inclusion will solve existing problems by helping to manage the ability of poor households to generate income and cash flows, increasing resilience to the crisis. The scope of the results. The obtained results can be used in the analysis and adjustment on its basis of the state policy in the field of implementation of the development of the socio-economic system of the state in the context of financial inclusion.