The Government of Tamil Nadu launched the Pudhumai Penn Scholarship Scheme to encourage female students to pursue higher education and lower dropout rates, especially among those who attended government schools.  The Pudhumai Penn Scheme's effect on female college students' financial empowerment in the Thoothukudi region is investigated in this study.  A structured questionnaire was used to gather primary data from 150 beneficiaries using a descriptive research methodology.  The results show that the majority of students come from lower-income families and depend on the scholarship to cover educational costs including books, tuition, and transportation.  The program has had a significant impact on students' perceptions of financial support, motivation for higher education, and educational outcomes, according to statistical research using ANOVA and Chi-square testing. However, differences in the capacity to make financial decisions were noted according to demographic variables.  The study comes to the conclusion that the Pudhumai Penn Scheme is essential to improving female students' academic confidence, financial independence, and sense of empowerment.  Increasing budget allocation, enhancing payment regularity, and raising awareness could all improve the scheme's long-term socioeconomic impact..