Financial inclusion has emerged as a top priority in India's plans for financial development and economic growth. It aims to provide affordable banking services to disadvantaged and low-income individuals. By extending financial services to marginalized sections of society, inclusive growth becomes more meaningful and just. However, women, constituting half of the population, must not be excluded from this process. Studies indicate that women account for over 70 percent of beneficiaries in the financial inclusion agenda. Self-Help Groups (SHGs) play a crucial role in including women in financial inclusion efforts and driving the financial movement in India. This study explores the impact of SHGs on women's empowerment, discusses the challenges and Identifying strategies to strengthen women's empowerment by linking socio-economic dynamics and supplementing SHG initiatives. By examining the role and reach of SHGs, addressing key issues, and exploring effective practices, this research aims to contribute towards achieving comprehensive empowerment of women in India's inclusive growth journey.