Humanity is all about being human. Being human is all about feeling the pain of fellow human being, supporting our race in creating a happy world, hand holding the ‘downtrodden and the unfortunate’ to uplift them from the grip of pain and sufferings. A common word which is representative of all the pain, suffering, lack of material possessiveness and misfortune is ‘poverty’. It is but obvious that the term poverty is as disdainful as it is devastating in its impact. It is a real curse on humanity. Abstract poverty which devoid human of fulfilling even most basic needs and sometimes causing death due hunger and matching wantless-ness are blot on the face of humanity. We must not lose sight of the visionary statement of the ILO Declaration of 1944 at Philadelphia [ ], which states,”Poverty anywhere is a threat to prosperity everywhere.” It is not only from the fear factor associated with the threat to prosperity only but also due to the factor of benevolence involved in the basic nature of human, a touch of being sensitive to the troubles of the fellow living being that there has been constant effort for bringing the fortune to the “lot with the lost opportunities”. Ever since poverty existed there have been simultaneous efforts to eradicate it. A number of concepts, plans, measures, tactics, and methods have been deviced to deal effectively with poverty. Taking advantage of mutual strength and support has also been a major tool, which identifies itself in the form of Cooperative movement. Self Help Group (SHG) is also manifestation of similar ideology. In India under the aegis of DAY - NRLM this movement has proven to be path breaking and is a movement to recon with. In this paper the author has endeavored to peep into past, narrate the present and estimate the future form of the SHG concept.