Since the day of independence, India is trying for socio-economic development with the assistance of Planning commission. Accordingly India launched several programs for poverty alleviation and increasing employment opportunities in five year plans. Ekatmik Gramin Vikas Yojana' was the primary micro financing scheme in India, while from April 1999 India began to motivate or inspire for formation of self help groups (SHGs). Through SHG it began to sanction loans and grants to below poverty line peoples. At the same time planning committee also seeks towards Swayamsevi Shanstha, Non-government association’s poverty removing work. Particularly within the Seventh Plan Self Help Group (SHGs) is taken into account the effective means of saving and plan for the poor and below poverty line peoples. Within the year 1980 NABARD permitted to SHG. NABARD introduced SHG project within the year 1986-1987 with the assistance of Mysore Re-establishment and Development Agency. Within the year 1989-1990 on special request from Government of India Dr. Mohanmmad Yunus came from Bangladesh in Delhi and delivered a speech on SHG concept at Jawaharlal Nehru University. But within the beginning, establishment of SHG was neglected because of not be taken immediate step for establishment of SHG and it get postponed.

Keywords: Self Help, Alleviation, Poverty, Sustainable, Associations, Socio-Economic Development.