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The concept of Self Help Groups gained significance especially after 1976 when Prof. Mohammed Yunus of Bangaladesh began experimenting with micro-credit and Women Self Help Groups. The strategy made a quite revolution in Bangladesh towards poverty eradication by empowering the poor women (CIRDAP Development Digest, 2000). Self Help Groups are small informal associations created for the purpose of enabling members to reap economic benefit out of mutual help, solidarity and joint responsibility. The benefits include mobilization of savings and credit facilities and pursuit of group enterprise activities. The group based approach not only enables the poor to accumulate capital by way of small savings but also help them to have access to formal credit facilities. In general, Self Help Groups created on the above line of functioning have been able to effectively reach the poor, especially the women, help them to obtain easy access to facilities like savings and credit and in the long run in alleviating poverty by empowering them. Self-Help Groups (SHGs) are playing a major role in removing poverty in the rural India today. The group based model of self help is widely practiced for poverty eradication, rural development and empowerment of women. Self help as a strategy for social development places emphasis on self reliance, human agency and action. SHGs serve as a medium of delivering micro credit to the members and reduce their dependence on explicative informal credit delivery system consisting of money lenders, land lords, traders etc. Empowerment has thus helped women to realize their identity, capability, strengths and power. They have also greater self-confidence and awareness of their rights, are more assertive and more vocal in mixed forums. Women have gained a measure of freedom from irrelevant customs, traditions, practices and prejudices. Thus, the process helped women to understand and realize their unique potential, develop courage to think and act independently, express what they desire, suffer, feel, speak out and express freely, and explore their distinct growth and development.