Microfinance can play important role to resolve the problem of poverty in India. This paper measure the impact of microfinance on economic empowerment of women more specifically change in saving rate and change in corpus fund available with the groups formed under the group. To conduct the study 341 samples is selected from the three blocks of the district Almora of Uttarakhand. To measure the impact hypothesis is formed and tested with the help of SPSS and found that all the hypothesis formed rejected and concluded that there is a positive relationship between microfinance and economic empowerment of members of SHG.