The present study is related with the relationship between Micro Finance and poverty alleviation among the peoples of Uttar Pradesh. However, in this study the relationship between Micro Finance and Poverty Alleviation was confirmed with the help of three different independent variables such as Empowerment, Living standard and Economic Stability. The samples for the study have been collected among the 154 individual of two blocks of Uttar Pradesh and the data has analyzed with the help of t-test. The findings of the study indicates that, all the three factors namely Empowerment, living standard and economic stability have been found positively and significantly related with role of Micro finance towards poverty alleviation.