Evaluating the role of financial literacy and inclusive banking models in empowering women: A study of the Ladki Bahin Yojana

The study explores the interconnection between financial knowledge, access to banking services, and women’s empowerment through government welfare initiatives. The Ladki Bahin Yojana, a women-centric scheme, aims to promote economic independence and gender equality by providing direct financial support to eligible beneficiaries. However, the effectiveness of such schemes depends largely on the level of financial literacy and the inclusiveness of the banking system. This research investigates how financial literacy enhances women’s capacity to utilize and manage financial resources, and how inclusive banking models ensure equitable access to these resources. Using both primary and secondary data, the study employs descriptive and correlational analysis to examine the relationship between financial literacy, inclusive banking, and economic empowerment among women beneficiaries. The primary data will be collected with the help of questionnaire and interview method to be followed. The stratified sampling method can be used to collect the data. The findings are expected to reveal a positive correlation, indicating that higher financial literacy and improved banking accessibility contribute significantly to sustainable empowerment outcomes. The study further identifies existing gaps in financial awareness and inclusion, suggesting that integrating financial education and digital banking initiatives into welfare programs can strengthen women’s participation in the formal economy. Overall, this research provides empirical insights into how welfare schemes like the Ladki Bahin Yojana can serve as effective instruments for inclusive growth and women’s financial empowerment in India. The main aim to understand how the daily budget fluctuate because of Ladki Bahin Yojana.