• Mr. T Prakash Reddy
• Dr. J.A. Arul Chellakumar

The rural economy has recently been showing clear positive signs for the microenterprise opportunity, especially for women through SHGs. The loans are then used for creating self-employment opportunities for the poor. It is with this bank loan that self-employment is created for the members of the group and their families there by dependency on formal sector employment become less pressure, thereby increasing their standard of living, health investment opportunity. SHGs are working in rural India and have greatly helped in taking out poor farmers from debt-traps and helping them lead a life of dignity. The prospects of micro entrepreneurship are many in a few subsectors such as trade, transport, construction and service. The loans provided by SHGs are at nominal interest rates, which is agreeable to everyone, which is lower than that charged by the informal sector of the group of people and this group they also become eligible to take govt. subsidy. This paper tried analysing the self-help group and socio-economic status for their members.

SHGs, Karnataka,Socio-Economic development, Women, People.

" SHGs Members and Socio- Economic life ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 5, page no.c175-c182, May-2021, Available :http://www.jetir.org/papers/JETIR2105277.pdf

" SHGs Members and Socio- Economic life ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 5, page no. ppc175-c182, May-2021, Available at : http://www.jetir.org/papers/JETIR2105277.pdf