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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM66005
Volume:
10 |
7 |
Jul 2026
Pages:
1-8
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
COMMERCE
GOVERNMENT FIRST GRADE COLLEGE FOR WOMEN, HOLENARASIPURA, HASSAN DISTRICT
Financial Inclusion is considered to be a critical indicator for development and well-being of the society around the globe. Providing inclusive financial services that is, financial services affordable for all, has become a basic priority in many countries including India. G-20 Nations have emphasized on financial inclusion as a facilitator for achieving gender equality and other sustainable development goals. Women empowerment is a radical approach concerned with transforming power relations in favour of female gender and considered essential for global progress. Thus, an inclusive financial model is being adopted in developing nations to achieve fundamental to formative objectives. The current article investigates the dimensions of women empowerment, that is, social, political, and economic. It also undertakes a test to see if the dimensions change with financial inclusion. The authors draw upon literature to develop a structured questionnaire on women empowerment and financial inclusion through schemes like Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) on women living in urban slums in the city of Bangalore. The data were collected from 50 females living in urban slums with PMJDY bank accounts. The result indicated that PMJDY scheme has been quite successful especially in case of women in slums and has a positive influence on social, political, and economic dimensions of women empowerment. The study contributes to existing literature by advancing the debate on women in urban areas and identifies the substantial need for the development of formal financial system to enhance the scale of financial inclusion.
KEYWORDS
The outcomes reveal that distinctive components of empowerment are statistically significant by joining formal financial services. Women empowerment is related to each one of the measures of empowerment which reverberate the hypotheses in this study and past investigations. The study also reveals that women with higher access and usage of financial services, such as opening bank account and availing insurance, have higher social, political, and economic empowerment. This has implications for increasing women’s bargaining power in society, that is, greater negotiations, freedom for political choices, taking financial decisions at work, and decision-making within family, leading to higher women empowerment.
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Publication Date
7/11/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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