Effects of Remittances on Livelihood of Farm Households: Remittance and Livelihood of Farm Households

To cope with Economic crisis and improve livelihood, Farm Households took rational decisions based on cost-benefit calculation,their members migrating only when the expected return are positive. Remittances from out migrants are sent to their families to cushion the effects of poverty shock and to be used according to their priorities. However, the socioeconomic disposition of farm households determines not only the destination of migrants, but also the amount and channel of receipts as well as the use to which the funds are put. Because migrant Remittances have significant direct poverty mitigating effect and carry no obligations, it has adequate scope to become viable rural investment tools.