This paper analyses the asset creation through MGNREGA in the surveyed region. Villupuram is selected for the study to analyze the rural economic transformation done by the MGNREGA. At the next level, three best performing Administrative Blocks are selected with the assistance of Project Officer of District Rural Development Agency (DRDA) and from each block; two best performing village panchayats are selected with the help of the Block Development Officers (BDOs) of the respective blocks. In each village, 20 male respondents and 20 female respondents are selected for survey and in total 240 rural respondents are surveyed with the help of structured interview schedule. From the analysis, revamp of ponds is done in more numbers wherein lesser on creation of new ponds. New roads are created in the surveyed village, which is less than two kilometers.  Canals revamped are revamped less than two kilometers in some villages and around two to four kilometers in other surveyed villages. Thus, managing canals by the MGNREGA members is a good sign of management of water bodies for sustainable irrigation.         The quality of MGNREGA work carried out in the surveyed villages is average, which requires more attention by the local management to assure quality work. The level of management of social assets in the surveyed villages is moderate. Thus, level of management of social assets is average and management has to be improved to a huge extent.

KEYWORDS: Employment, assets generation, economic empowerment