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Abstract
Financial inclusion presently in use is the delivery of financial services at an affordable cost to vast sections of underprivileged and low-income groups. In fact, providing access to finance is a form of empowerment of the vulnerable groups. Micro insurance is a critical tool in addressing the issues of financial and social exclusion. Micro insurance programs have a potentially significant contribution to economic, social, and psychological empowerment of the poor in general, women in particular. Financial inclusion is an international policy priority and demand-side initiatives including financial education have an important role to play in helping individuals to access and use appropriate, formal financial products.