Self Help Group (SHG) in India, as part of micro financing system, is one such formation by the people who are poor and in the clutches of poverty to support each other. Because of present formal financial system which failed to cater to the financial need of the rural poor, particularly poor women in rural households, at micro level, the concept of SHG is arisen to lend credit to those deserving people to invest in income generating activities as well as to promote saving among them. Hence, SHGs have gained wide recognition in India as in most developing countries in Asia.