Microfinance through SHGs is an innovative approach to help poor to get better access to credit and to make micro credit savings. In the development paradigm, microfinance has evolved as a need-based policy and programme to cater to the so far neglected target groups (women, poor, rural, deprived, etc.). Microfinance initiative is known as its potential to generate income and employment and improve the socio-economic status of respondents. The present study aims to present the socio-economic conditions of the SHGs members and their families. It tries to find out the impact of SHG members on socio economic improvement. For this purpose 124 sample have been collected from 20 SHG of Udaipur district. In order to determine whether economic empowerment is greater than social empowerment One Way ANOVA was applied between various factors taken under study namely social interaction, health and educational awareness, personal development and economic status. The outcome of the study indicates that the majority of women who constituted as respondents for the present study, being members of SHGs have benefited considerably in terms of social and personal development.
SHGs, Micro credit savings, Neglected target groups, Socio-economic conditions
