Paper Title
Micro-Financing Through Self Help Groups (SHGS) in India and Policy Issues

The logic and rationale of SHG-based microfinance have been established firmly enough that microcredit has effectively graduated from an “experiment” to a widely-accepted paradigm of rural and developmental financing in India. This is no mean achievement. This paper attempts to evaluate the micro- financing system in India. This programme is delivering partly good results but to avoid exploitation of economically weaker sections of the society the paper suggests that Government of India should take appropriate action to ensure that borrowers under this system should be provided credit on affordable rate of interest and it should not be more than 12 per cent instead of existing 24 per cent and above. Keywords - Affordable, economic, social, empowerment, conventional