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It is in this context that micro credit has emerged as the most suitable and practical alternative to the conventional banking in reaching the hitherto unreached poor population. Micro credit enables the poor population. Micro credit enables the poor people to be thrifty and helps them in availing the credit and other financial services for improving their income and living standards. The self-help group (SHG)-bank linkage programme was formally launched in the year 1992 and aptly supported by the RBI through its policy support. The programme envisages organization of the rural poor into SHGs for building their capacities to manage their own finances and then negotiate bank credit on commercial terms. This book deals with the role of micro credit and SHGs in the socio-economic empowerment of women.
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