Finance is, unarguably, an integral part of everyday life and living. Therefore, financial literacy is an essential life skill. Little wonder, therefore, it is widely flag high on the economic policy agenda of emerging economies, globally. This imperative is buoyed by unrelenting growth and sophistication of financial services offerings, mobile demographics, as well as global pursuit of policies that expand and strengthen national welfare systems. Financial literacy is a sine qua non for financial inclusion. Financially disadvantaged and vulnerable segments of the society are enabled to actively contribute to national development through the protection, from social and economic shocks, offered by financial inclusion. Most vulnerable is the sizable rural population with limited access to conventional financial institutions or services in most countries of the world. Financial inclusion (FI) is the process of ensuring access by this segment of society to appropriate financial products and services at an affordable cost in a fair and transparent manner. This chapter looks at the concept and significance of financial literacy, its derivative, financial inclusion, and how both interplay in deepening inclusive economic development.