Microfinance is a source of financial services for entrepreneurs and small business lacking access to banking and related services. In some regions microfinance is used to describe the supply of financial services to low-income employees, which is closer to the retail finance model prevalent in mainstream banking. National Bank for Agriculture and Rural Development (NABARD) is taking initiate steps as framing appropriate policy for rural credit, provision of technical assistance, liquidity support to banks, supervision of rural credit institutions and other development initiatives to strengthen the microfinance contribution for the overall economic development. This paper helps to compare the financial performance of SHG’s in Manipur state with other North regions. Comparison based on number of SHG’s in Manipur and other NER; saving and loan disbursement ratio between Manipur and other NER and finally saving and loan disbursement ratio with selected banks (Commercial bank, RRB and Cooperative banks) in Manipur and other NER. It will enlighten the significance of Microfinance to strengthen the capital formation and self-employment opportunities in the rural area. Entire study is based on secondary data collected from NABARD website. This study covers the time period 2011-2012 to 2015-2016. Simple Statistical tools like percentage analysis is used by the author to identify the performance of Manipur state SHG’s with other NER.