The effectiveness of microfinance is its capability of, or success in, achieving a given goal. It is found that there is a role for microfinance as a poverty reduction policy tool. Socio economic impact of self help groups on its beneficiaries revealed positive changes in the levels of living of the members. The economic impact is visible in terms of savings habit, increased credit accessibility, contribution to household income, and acquisition of household assets.The impact is also seen on the social front in terms of increased participation in decision making, improved status, self confidence, spiritual development, overall personality development, interpersonal relationship, abilit
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