In developing nations with an abundance of natural water resources, fishing is a major source of income. When distributing resources between fisheries and other sectors, and preserving competitiveness in the fisheries industry, access to livelihood assets continues to be a key factor. However, vulnerability of livelihood assets and other economic and social variables have been severely affecting fishermen's livelihood. This article examines livelihood income vulnerability in the context of capital assets and the effects on local fishermen's livelihood and well-being. A survey sample size of 532 rural households based on a descriptive research design was used. Financial capital, human capital, social capital, and natural capital all made an enormous contribution to the earnings of fishermen and household heads in the Manchar Lake basin. The use of multiple regression analysis enabled new insights into how the livelihood assets characteristics affected their household income choices. The main objective of this investigation is to see whether access of livelihood capital assets affect local fishermen's livelihood income in the Manchar Lake basin. In the coastal belt of the Manchar Lake basin, resource acquisition plays a critical role in eradicating poverty. For the fishermen in the Manchar Lake basin, the current regime could further prioritize investing in fish trading infrastructure and improving essential facilities like social networks, education, skillsets, improved technology, and credit facilities in order to raise the livelihood income of fishermen and either reduce or alleviate poverty. These findings provide insight into fishermen's entry and exit for those who are planning livelihood shifts, and offer recommendations on how to overcome the constraints faced by the fisheries industry. Furthermore, insight into livelihood sustainability in order to improve the quality of life and income of fishermen domestically and nationally is also suggested.
Keywords: Household income; Livelihood assets; Manchar lake basin; Poverty reduction; Small scale fishermen; Sustainable livelihood.
© 2023 The Authors.