The empirical study has been conducted to measure the impact of MGNREGS over the standard of living of agricultural labourers. The study also tried to analyse the effect of the scheme over the expenditure on food and education for children’s. The comparative study stands on stratified multistage random sampling with total 218 agricultural labourers (sample size) and above this 109 agricultural labourers were selected from beneficiary (MGNREGS) households and rests of the samples were from non-beneficiary counterparts. To deal with these objectives, a standard of living index (SLI) has been constructed by applying principal component analysis method and statistical tools t-test also has been done. According to constructed standard of living index, the living standard of beneficiary agricultural labourers was found far better than their counterparts. Moreover, the differences over the expenditure on food and children’s education between two comparative groups were also found significant.