Women are an integral part of every economy. All round development and harmonious growth of a nation would be possible only when women are considered equal partners in progress with men. Self-Help Groups (SHGs) emerges as an important strategy for empowering women and to alleviate poverty. It is a village based financial intermediaries usually composed of 10 to 20 local women or men. India’s self–Help Groups movement has emerged as the world largest and most successful network of community based organisation. Most of the Self-Help Group found in India, Although Self Help Group also found in other countries especially in South Asia and Southeast Asia. The main objective of this paper is to know the impact of Self Help Groups on their social economic development and poverty. The data is purely collected on the basis of secondary sources. This paper is an attempt to identify the Self Help Groups impact on socio economic development of women in the society.