The construction of India’s welfare image has undergone significant changes in the neo-liberal context, and the livelihood dialogue has reoriented itself in this new politico-economic perspective. The authors have felt the need to look into the issue of women’s livelihood (in)security in an emerging neo-liberal scenario with reference to a significant livelihood programme named Deen Dayal Antyodaya Yojana-National Rural Livelihood Mission. The aim of the paper is to understand objectively the potential and role of DAY-NRLM in ensuring women’s livelihood security in the neo-liberal context. The empirical study is conducted in Biswanath district of Assam with the help of focus group interview and semi-structured interview schedule.