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**Professor of Economics,
Micro Credit which generates micro savings is progressively emerging as one of the effective strategies to alleviate poverty. It can successfully create employment and sustain the income of the households by giving them opportunities of work. The micro finance sector in India has experienced a tremendous growth in last decade due to the efforts of various agencies, including government, international donors and development banks. There is now a reasonably good supply of loan funds in the micro finance sector. Yet the role of micro finance to eradicate poverty is to be re examined. This paper focuses on both the achievements and limitations of Micro Credit to eradicate poverty.
Income generation, Micro Credit, Poverty Alleviation, Self Help Groups
