Self-employment can significantly impact the socio-economic conditions of individuals and communities. Its effects can vary depending on factors such as the type of self-employment, the local economic context, and the individual's level of success. The Government of India has taken various steps to generate employment there. The efforts comprise various long-term schemes/programs/ policies for making the country self-reliant and creating employment opportunities, such as Mahatma Gandhi National Rural Employment Guarantee Act, Pradhan Mantri MUDRA Yojana, Pradhan Mantri Garib Kalyan Rojgar Abhiyaan, Self Employment Scheme. Self-employment can be a fulfilling and viable career choice for many individuals, but it also comes with challenges and considerations. Self-employment offersa high degree of independence and control over work. Overall, the Government must focus on affordable financial assistance for self-employment.