[31] THE ROLE OF GOVERNMENT SCHEMES IN ADVANCING WOMEN’S FINANCIAL INCLUSION IN INDIA: Financial Inclusion, Women Empowerment, Government Schemes, PMJDY, SHGs, Digital Finance, India

Dr. Bhagyajyothi S Kannur

Authors

Dr. Bhagyajyothi S Kannur Associate Professor, Department of Commerce, Government First Grade College, Yelahanka, Bangalore, Karnataka, India.

Abstract

Financial inclusion is a key enabler of economic empowerment and poverty reduction. For women, it offers access to credit, savings, insurance, and the formal financial system—tools that are essential for autonomy and equality. In India, various government schemes have played a critical role in bringing financial services to women, particularly in rural and marginalized communities. This paper explores the evolution, scope, and impact of key financial inclusion programs like the Pradhan Mantri Jan Dhan Yojana (PMJDY), Mudra Yojana, National Rural Livelihoods Mission (NRLM), and others. It also discusses the challenges in effective implementation and offers policy recommendations to enhance women’s financial participation and agency.