"This paper has two objectives: First, to discuss the challenges and the potential of the possible interconnection between targeted social policies and production-oriented policies and programs, especially programs aimed at achieving sustained income generation in the poorest families or providing them with tools for successful inclusion in the financial system; and second, to explore the processes needed to implement these interconnections. We propose a road map that begins with pilot programs, which can become larger-scale social policies with broader coverage after a process of learning and adaptation. This model emerges from two recent experiences of targeted social policy in Peru: the Juntos-Haku Wiñay pilot and the financial inclusion pilot program for users of the Juntos CCT program." –Abstract.This paper was prepared with financial support from the Ford Foundation, and its publication was made possible by support from the IEP.