Summaries by Soumya Kanti Ghosh, Shagishna K

Unconditional cash transfers to women in Maharashtra and Odisha significantly boosted household welfare. Schemes increased savings (84% Maharashtra, 45% Odisha) and spending, particularly aiding less educated women. Spending shifted towards education and healthcare, and digital financial inclusion rose. Benefits extended to male household members, freeing their resources for savings. Older women saved more, younger spent more. Authors recommend evolving programs with digital literacy, inflation-adjusted transfers, refined targeting, and household outcome tracking, affirming these schemes' substantial positive impact.