In this study, a conceptual model of resource symbiosis (RSM) of an Indian village was developed, by leveraging the concept of bricolage, to aid in sustainable livelihood generation. This novel RSM expands as a co-management model for a rural community in resource-constrained environments to manage its resources efficiently in collaboration with local governments. Avenues for sustainable livelihood generation was assessed through household surveys and resource mapping of the village. A mixed-mode research method was adopted through participatory rural appraisal activities for involving local people and their practices in the design philosophy of RSM. Problem identification and ranking through personal and collective interviews of the villagers formed a core basis for the livelihood assessment. It enabled the internalisation of normative and idiosyncratic linkages for resource symbiosis. These linkages were interconnected through community participation, which set the boundary conditions for RSM. Results show that RSM for the study village could foster inclusive growth in two ways: first, by creating scope for efficient resource utilisation through the establishment of an oil mill, a biogas plant and a milk processing unit; and, second, by creating an entrepreneurial ecosystem based on village's self-sufficiency and market demand by empowering local entrepreneurs. Additionally, RSM could leverage local governing bodies to connect with private investors and policymakers to enable fast-track implementation of the livelihood generation schemes of the government.