Indian Economy·Key Judgments

Microfinance and SHGs — Key Judgments

Updated 5 Mar 2026

Key Judgments

Bandhua Mukti Morcha v. Union of India

1984

While not directly about microfinance, this landmark judgment established the constitutional foundation for livelihood rights under Articles 21 and 23, creating the legal basis…

State of Karnataka v. Ranganatha Reddy

1977

This case established important principles regarding cooperative societies and their regulation, which has implications for SHG governance and legal status. The judgment clarified…