Income Generation and Employment Creation through Microfinance and Self Help Groups -A Study with Reference to Lakhimpur District of Assam

Lakhimpur district is one of the floods affected, economically backward and zero industry districts of Assam. Therefore, microfinance through SHGs can play an important role on income generation and creation of self-employment for the rural poor of the district. Keeping our objectives in mind we have designed purposively to select 40 sample SHGs from 4(four) development blocks out of total 9(nine) development blocks which are equal in size as our guiding principle. We also selected 5 (five) members from each sample SHG and interview will be taken from total 200 (two hundred) SHG members. From the study it is found that microfinance through SHGs in the study district not only creating additional employment opportunity but also increased the annual income of the rural people. Moreover study also discovered various problems faced by SHGs on creation of employment and generation of income through microfinance.