The formation of Self-Help Groups, often known as SHGs, is an extremely important factor in the fight against poverty, the promotion of inclusive economic growth, and the emancipation of women. The Self-Help Group Bank Linkage Programme (SHG-BLP) is a groundbreaking model that was first introduced by NABARD in 1992. Since then, it has grown to become the largest and most effective microfinance programme in the entire world. There has been substantial participation from all of the financial agencies, and helpful steps have been done, in order to ensure the success of this endeavour. As a result, thousands of low-income households in remote rural areas have benefited from this endeavour. The purpose of this paper is to investigate the pattern of loan disbursement by various banking agencies to SHGs over the recent past, as well as the amount of outstanding loan, the volume, and the percentage of NPA on outstanding loan owed to various banking agencies by SHGs in our country. It is carried out using just secondary sources of information. Consequently, we use an ANOVA evaluation of Loan outstanding to determine the current state and develop appropriate suggestions for 2021-222.The analysis is based on the report of Status of Microfinance in India by NABARD and five years are the significant years as per the NABARD report that has brought a drastic increase in loan outstanding among all the agencies and particularly with Commercial Banks. The ANOVA analysis has apparently proved it and elucidates the significant difference between the agencies as far as loan outstanding is concerned that paves the way towards the increase in the rate of Non Performing Assets (NPA) by the Commercial Banks which would be further discussed in detail in the future research.

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Keywords: SHGs, Economic Growth, Loan Outstanding, NPA, NABARD.