Presently, the microfinance scenario needs to be reviewed for emerging trends, concerns and growth prospects. The question that how best this Micro finance programme has been really benefiting the beneficiaries still remains to be examined. The present study under reference is one such an attempt to asses the performance of the SHG network of the microfinancing programme in terms of its generation of income and employment of the beneficiaries in the sample district in Andhra Pradesh state. The book distinguishes itself with the rest, in respect of a comparative analysis on the mechanisms and modus operandi of the Govt. sponsored and private SHGs, with an intent of diagnosing the factors that led for a severe crisis in microfinancing recently in the state of Andhra Pradesh.