PSNP in Ethiopia is inlended 10 bring aboul a signijicanl change and 10 beller respond 10rnIhe needs of Jood insecllre hOllseholds and creale prodllclive inveslmenls 10 slrenglhenrn/"lIral economic growlh and environmenlal rehabililCllion. /n relalion 10 Ihe ill7pacl ofrnPSNP al counllY level; several endeavors have been done 10 assess ilS general ill7paCI,rnbUI al local levels, especially in Ihe Lema Disirici Ihere are inadequale empiricalrnevidence on Ihe program expecled oilicomes like on assel building and inveslmenl in soilrnconservalion aclivities by Ihe beneficiaries oj Ihe program. Therefore, Ihe objeclive ojrnIhis silldy was 10 assess Ihe impaci oj PSNP on assel building and soil and Ivalerrnconsen'alions aclivilies al Lema dislricl, Haddiya zone. Soulhem Elhiopia. The crossseclionalrnsurvey dala was galheredj;,oll7 18Jsample hOl/seholds which were laken Fomrninlervenlion and non-inlervenlion groups. A propensily score l17alching melhod wasrnapplied 10 assess Ihe ill7pacl oj Ihe program on Oilicome variables (assel bllilding andrnSWC aClivilies) Jar the ben~jiciary hOllseholds. As a resllll, kernel malching eslimalor ofrnband widlh 0.25 was selecled as besl malching algorilhm Ivhich hold large l17alched sizern2rnand low Pselldo R . After mal ching only 167 malched respondenls, 91ji'om benejiciariesrnand 67 non- ben~ficiaries, were used 10 come up wilh Ihe fincd decision. The ATTrneslimalion resull was indicales Ihal parlicipalion in PSNP did nol lead 10 sll'ong andrnsignijicanl effeci on individual 's hOllsehold 's assel building and praclicing of SWCrnaClivilies by Ihe benejiciaries. ThereJore. re-thinking or re-evalualing Ihe programrnobjeclives al nalional, regional, and olher operational levels is inevilable 10 aClualizerndesired objeclives.rnKey Words: PSNP, !,,,pact, PropellSily Score Matchi"g, HOllseholds, Assel Buildingrnand SWC Activities, South em Ethiopia