Microfinance is emerging as a powerful instrument for poverty alleviation in the new economy. In India, the emergence of liberalization and globalization in early 1990's aggravated the problem of women workers in unorganized sectors from bad to worse amongst of the women who were engaged in various self employment activities have lost their livelihood. Despite in tremendous contribution of women to the agriculture sector, their work is considered just an extension of household domain and remains non-monetised. The women empowerment has helped the women to enjoy a better status in this economy...