Microfinance intervention through Self Help Groups (SHGs) has been seen as an effective instrument for women empowerment and poverty alleviation.According to Mizoram Economic Survey,2014-15,female working population constitutes about 40.25% of total workers. As per the census 2011, 55.76% of the total workers were engaged in agricultural activities. Women in Mizoram are resourceful and hardworking; they have proved to be very enterprising. Access to microfinance is believed to greatly benefit the poor women participants in enhancing their capacity. “Before Intervention” vs. “After Intervention” Approach was employed to analyse the impact of microfinance on the women SHG members. Only the economic impact of microfinance is considered for this study. The level of impact is analysed at the individual and household level.