Bamboo is an evergreen and multipurpose plant with a long history of human interaction. It's incredibly ubiquitous, has a global reach, and is used for anything from toothpicks to garments and home construction. The bamboo industry is critical to local economic development and, as a result, to farmers' livelihoods. Development of the bamboo sector, particularly in a few economically challenged places, could be a useful approach to alleviate poverty. Bamboo is a significant forest product that is incredibly important as a source of income for the country's forest-dependent rural population. Bamboo plantation on private land and exploitation of the product has been a common activity since ancient times and is recognized as a vital source of revenue for marginalized and landless people. Bamboo, because of its growth habits and biological qualities, is not only a great financial investment that can be used in a variety of ways, but it also has a huge potential for addressing a variety of environmental challenges that the world is currently dealing with. Weaving various varieties of bamboo items specialized in ancient as well as modern market need, commerce, and use of earned money to uplift the family's maintain was found to economically empower skilled impoverished people.Because of the changing environment, traditional bamboo handicraft knowledge and abilities are not being passed down to the next generation. The current review examines the importance of bamboo in terms of food security, economic success, and environmental security, as well as future prospects.