Livelihood is in vouge as a concept, approach, method, practive perspective or as a framework for analysis. The intention of this paper is not to delve into the intricacies and simplify the web of shock managements in terms of the five capitals, as in literatures. Instead the attempt here is to crossexamine as to identify within which category or spectrum of income-consumption function the households lies. Further, it is also to underline certain broad outlines that have emerged and are

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... ve of protfolio of livelihood alternatives in incomeconsumption shock managements. The study is indicative of the factum that households are at the lower spectrum of the income-consumption pyramid. Being at the lower stratum of the hierarchy, the stressed households are vulnerable to income-consumption shocks. Nonetheless, household either by their own learning or because of intervention and awareness have diversified their livelihoods into a portfolio of activities. Keeping in mind the welfare nature of dispensation and that the majority of the households being BPL (Below Poverty Line) a designed positive intervention is a must.