Impact of Geospatial Technology on NBFC Risk Assessment Banking Law | NBFC | Non Banking Finance | Finance Banking | Finance Banking Laws | Banking Governance | Introduction Microfinance, heralded as a powerful instrument for economic empowerment, seeks to provide financial services to marginalized individuals and small businesses that are excluded from mainstream banking systems. Within this domain, Self-Help Groups (SHGs) have emerged as transformative entities, demonstrating their capacity to foster financial inclusion, community development, and social empowerment. This essay will explore in greater detail the structure, functions, and profound impact of SHGs in the realm of microfinance. Structure and Formation of Self-Help Groups Self-Help Groups are grassroots-level organizations characterized by their small size, often comprising 10 to 20 members, and an informal structure. These groups are formed based on a common bond, such as residing in the same locality, sharing sim