Launched in 2013 in West Bengal, India, Kanyashree Prakalpa is a conditional cash transfer program incentivizing girls to stay in school and defer their age of marriage. It provides annual scholarships to 13–18-year-old girls for remaining enrolled in school, and a lump-sum transfer upon attaining adulthood, conditional on remaining unmarried and pursuing education. Using pre- and post-program data and cohort-specific eligibility rules for 15-35-year-old women and by employing double-differences and triple-difference frameworks, we find that exposed women experience 7 to 8 percentage points higher mobility outside the home and have a lower tolerance for domestic violence. We find the affected cohort to have a 4 to 5 percentage points lesser likelihood of justifying wife beating by husbands. These estimates are robust to alternative methods of Kernel-based Propensity Score or Inverse Probability Weighted matching with difference-in-differences and survive several sensitivity and falsification tests. We find suggestive evidence of these results being mediated by access to bank accounts and increased schooling. This underscores the importance of education and financial independence as a pathway to women's empowerment. We validate our intention to treat effects by using the administrative data on actual fund disbursals and census data on eligible cohorts to find that the districts with more eligible cohorts have higher fund disbursals. Our paper contributes to the limited evidence of effects on empowerment through CCTs targeted to young, unmarried females in contexts where the prevalence of cohabitation and pregnancy before marriage is extremely low, and parents usually decide when and whom a girl will marry.