Abstract
Based on different reports and reviews on government induced microcredit programme operating through Self-help Groups (SHGs) in India, this paper tries to explore as to how the SHG-BANK linkage microcredit programme fails to reach the large number of persons in the target group, although formation of SHGs and development of micro enterprises has become the principal means of poverty alleviation by the Government of India. While presenting a theoretical model, this paper suggests that it is essential to make necessary financial grants to the target group primarily to the amount of expected 'debt trap' it may face in the informal credit market to repay the loans, which they received earlier from mainstream banks, within the due date so long as the projects undertaken by it are productive.
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