Self Help Groups (SHGs) have been a successful scheme for empowering women in India by providing self-employment opportunities, entrepreneurial development, and economic independence that leads to greater control over decision making and a more equal status in society. SHGs serve as a source of inspiration and microcredit for rural women to start entrepreneurial activities. While microfinance programs aim to empower women through financial viability and opportunities, challenges remain such as low literacy, employment, crime, and political participation that SHGs and self-employment can help address.