Microfinance has developed as dignified substitute for informal credit and acts as a powerful tool for poverty alleviation. Microfinance offers loans, deposit and insurance to poorest strata of society and low income households. At present, self help group Bank Linkage programme model and the Micro Finance Institution model for delivery of Microfinance in India is working on large scale as compare to other models. Self help group Bank Linkage programme model is recognized as largest Micro finance programme all over the world in term of coverage. This paper attempts to focus on status of Micro Credit through SHGs in Jagannath Prasad Block of Ganjam District in Odisha.

KEYWORDS:  Microfinance, Informal Credit, Poverty Alleviation, Self Help Group, Micro Credit.