This book is based on research and extensive field work. Basically it is an important document of experiences in Self Help Group (SHGs) and Grameen Group of Microfinance in India. The book reflects the rural entrepreneurship development of India in general and Birbhum District of State West Bengal in particular. It can serve as reference book for Entrepreneurship Development, Rural Development, and Micro Finance related studies in India.The book examined the role played by microfinance promotion agencies and SHGs in promotion and effective management of micro enterprises.It also analyzed the role of microfinance as motivating factor to pursue and run their enterprise. The author builds up twelve hypotheses. The results obtained through empirical testing of hypotheses. The book can serve as reference book for Entrepreneurship Development, Rural Development, and Micro Finance related studies. It may be useful for academic and research community of the world interested in Indian Microfinance. It can be a source of case study for students pursuing management, entrepreneurship development programme. It could be a valuable collection for libraries of academic and research institution.