Technical education and training is a tool to improve employability of individuals, increase micro entrepreneurs' initiatives as well as productivity of industry and reduce poverty. This article aims at providing an assessment on the ability of technical and vocational education (TVET) seeks to create competent and self-reliant citizens to contribute to the economic and social development of the country, thus improving the livelihoods and sustain ably reducing poverty in order to increase the life skills in changing the quality of life. Quantitative and qualitative methodological techniques have been used to collect the primary data. This article is based on survey findings conducted among the rural people who are getting technical education and skill based special training on entrepreneurship development, economic outcomes, and measures of well-being. The respondents (n=120) have been selected for KIIS (key informant interviews). Findings revealed that the available educational institute and training organization can facilitate village level society's members which have significant role to involving poor people in rural society and changing rural income with proactive role. In addition, more than 80 percent of the rural workforce in studied area is self-employed through small businesses and household enterprises (as opposed to wage work), making entrepreneurship and vocational training programs in this context more relevant than formal job training programs. Vocational training intends to impart practical skills, increase awareness of higher-paying job opportunities, and improve knowledge of how to access better jobs and how to connect to potential employers.  Proper technical education has different positive impacts on livelihood development, changes in life styles by creating employment opportunities and increasing productivity. On the basis of findings, it is recommended that peoples interest for technical education, collaboration of public-private technical training, priorities of need based and diversified technical training with materials according to industrial and mechanical skills and workforce development, efficient operation and maintenance skill as well as availability of necessary equipments and technology for training should be strengthened for sustainable development in Bangladesh.