The study analyzes the impact and utilization of the Grihalakshmi Scheme among 405 respondents, predominantly from rural areas (58.8%) and aged 36–45 years (41.2%). Most participants were married (80.7%), with secondary education (45.7%), and housewives (50.6%). All respondents benefited from the scheme, mainly using the funds for household needs, children’s education, small businesses, and savings. Awareness was primarily through friends/neighbors and government officials/ASHA workers, and most applied independently. While the scheme was perceived positively, challenges included delays in fund disbursement and lack of digital awareness. Key suggestions were including unmarried and elderly women, increasing monthly benefits, and organizing awareness programs. Overall, 70.1% supported its continuation, reflecting its socio-economic importance.