The co-operative banks playing an important role in financing to SHGs in India to improve their living condition. In India, most of the people are poor and living in rural areas. They required credit facilities time to time to fulfill their credit needs to start new business. The present paper is an attempt to study the Role of Co-operative Banks in financing of SHGs and loan outstanding against SHGs in India. It also analyses the agency wise financing and loan outstanding against women SHGs and SGSY. The study is based on secondary data and time period of study is 2007-08 to 2012-13. The data has been tabulated and analysed by using percentage and compound growth rate.