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Asked by Shishir Last Modified
Answer 
Harpreet Kaur
IELTS, Interviewer, Spoken English trainer with 2 years of experience in IELTS industry.
Income-generating assets refer to land, social network etc. Creation of such assets will encourage empowerment and community services. Fixed public assets like wells, health clinics, schools, bridges etc. will generate employment opportunities. Access to these resources and assets, and the ability to use them will set a base to earn a livelihood. This is one of the first steps to address the problem of poverty.
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Economic resources are assets to be used as capital in production process. They give employment and livelihood. Ex. Land for crop cultivation, forest wood for making furniture, minerals for machine, tools, cattle for milk, meat production etc. Human resources as capital when literate, healthy and productive so that with Start -up program, Atm-nirbher Bharat program, problem of poverty can be addressed.
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Giving food grains to the poor or distributing clothes cannot be the permanent solution to the problem of poverty rather the poverty can be removed when the poor start earning for themselves and also contribute to the growth of the nation.
This is possible by providing income-generating assets to the poor. The creation of income earning or generating assets will generate employment opportunities and it will be possible for the poor to raise their income, which will be helpful in improving their living standards and can also be helpful in solving the problem of poverty of the country.
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