Microfinance is a type of lending that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services by bank. Self-Help Group refers to self-governed, peer controlled, informal group of people with same socio-economic background and having a desire to collectively perform common purposes. Micro finance through Self Help Group (SHG) has been recognized internationally as the effective tool to eradicate poverty and for rural development. Micro finance and SHGs are effective in empowering women and creating awareness which finally results in sustainable development of the nation. The main aim of microfinance is to empower women. Though women's empowerment are considered into three dimensions namely psychological, social and economical, in this paper the impact of Microfinance on social empowerment is analysed
Empowerment, Social Empowerment, Micro Finance, Self Help Group Members
