The correct option is B Emancipation
The objectives of Panchayati Raj in India are: Employment, Emancipation, Equity and Empowerment.
Emancipation is the process of giving people social or political freedom and rights.
Empowerment is the process of gaining freedom and power to do what you want or to control what happens to you.
Equity ensures everyone is treated fairly and equally.
Employment means paid work for everyone.