One of the innovations being tried out in the field of rural credit in many developing countries including India to help the rural poor, especially women, to gain better access to credit facilities is the attempt to promote micro level savings and credit self-help groups (SHGs). The rural poor are being encouraged both by non-government organizations (NGOs) and formal rural financial institutions to organise themselves in to small solidarity groups which enable them to overcome may of the hassles the face while dealing with the formal credit agencies. In India, the formal rural financial institutions like commercial banks and regional rural banks are in to the promotion of SHGs as a matter of NABARD’s (National Bank for Agriculture and Rural Development) new policy of improving the institutional credit delivery system for the rural poor through adopting innovative practices. The NGOs are interested in the concept of SHGs as a part of their strategy towards creating alternate peoples institutions, which can help, supplement their developmental activities as well as help attain bigger goals like poverty alleviation and empowerment of women. The present paper highlights the perceptions of SHGs SC women on their status in Anantapuramu district of Andhra Pradesh.