India Budget 2026 is expected to prioritize women’s financial empowerment, with new credit and insurance schemes linked to Jan Dhan accounts. Customized loan products, women-focused insurance, and improved grievance redressal are on the cards to strengthen financial inclusion.
The upcoming Union Budget for FY27 may focus on empowering women financially. Officials familiar with the matter suggest that the government is planning stronger credit and insurance linkages through Jan Dhan accounts, aiming to improve access and protection for women across India.
Sources reveal that the budget may introduce:
Women-focused credit cards tailored to financial habits and spending needs
Loan products for first-time entrepreneurs and rural enterprises
Insurance plans designed specifically for women, with better coverage options
“These measures will build on the FY26 initiatives, such as the Grameen Credit Score and targeted credit support for first-time entrepreneurs,” an official said.
The government is actively considering measures to strengthen credit access for SHGs and rural enterprises, ensuring financial inclusion reaches even remote areas. These steps may include simplified loan access, lower interest rates, and better support for women-led businesses.
Officials note that Niti Aayog is evaluating the Pradhan Mantri Jan Dhan Yojana (PMJDY) to activate dormant accounts and incentivize account holders. Proposed measures include:
Boosting insurance coverage and credit access for PMJDY account holders
Providing policyholders options for enhanced insurance protection
Aiming for 100% PMJDY account saturation by addressing inactivity and financial literacy gaps
“This is part of aligning the government’s financial inclusion initiatives with its vision of Viksit Bharat by 2047,” said an official.
The budget may also address insurance claims and unclaimed funds through more robust regulatory oversight, ensuring women have easier access to grievance redressal mechanisms. This reflects the government’s ongoing focus on customer-oriented financial initiatives.
Introduction of customized credit and insurance schemes for women
Activation and incentives for dormant Jan Dhan accounts
Credit access expansion for rural enterprises and SHGs
Strengthened insurance claim grievance redressal
Alignment of PMJDY with Viksit Bharat 2047 goals