This study investigates transformative impact of‘Pradhan Mantri Jan Dhan Yojana (PMJDY)’ on ‘women Self-Help Group (SHG)’ beneficiaries in selected Public Sector Banks in Pune. The objectives include assessing differences in key indicators between women SHGs with PMJDY accounts and those without. A research methodology is employed, comprising sample of women SHGs from three Public Sector Banks in Pune, with perception ratings collected through primary survey. Descriptive and inferential statistical analyses, including t-tests, are conducted to compare mean values. Results indicate difference in financial literacy, income generation, and social empowerment between women SHGs with PMJDY accounts and those without. Based on findings, recommendations are proposed like expanding financial literacy programs tailored to needs of women SHGs’ in urban areas like Pune and facilitating access to credit and financial resources for women entrepreneurs. By addressing issues faced by women SHGs, implementing targeted interventions, policymakers can maximize transformative potential of PMJDY,advancesocio-economic status and women empowerment.

Pradhan Mantri Jan Dhan Yojana (PMJDY), Women Self-Help Groups (SHGs)’, Financial Literacy, Income Augmentation, ,Social Empowerment, Public Sector Banks