| Self help Group under the scheme of Micro Finance in India have been known for its positive impact on the economic development and the empowerment of women. 1In India where the population is more than 1000 million, there are around 350 million people living under poverty, out of which only 20% have access to loan from formal sources and 80% have access to informal sources and out of 20% only 10% have access to micro finance. However there are local money lenders delivering finance to the poor people still has the strong presence in rural India. |