This paper has examined the changes in the households’ income and employment pattern and has assessed the impact of MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) -a social-security scheme for the rural poor households launched by India Government (2005). This study refers to an exhaustive survey in three villages in Bankura district, West Bengal, India covering 100 households during the year 2011-12. The impact of MGNREGA focusing employment security, income generation, and its governance and future perspectives were dealt in the study. It was found that MGNREGA covered all poor sections of the rural society irrespective of castes, genders or social orders. It was also observed that this project enhanced income as well as savings of rural households. Further, it was noticed that MGNREGA has created rural employment opportunities.