There is an urgent need to identify the factors inhibiting the emergence of local entrepreneurship in different sectors among the ethnic groups of North-East India societies. Is the quantum of capital made available since 1950 for industrialisation adquate? Or are the non-economic factors like the traditional soft-life style and the attitude of the bulk of the indigenous people, their surrender to fatalism responsible for this lack of economic development of North-East India? The papers presented to the seminar analyse the issue in a social perspective based on field data of the contemporary divergent societies in North-East India.