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In the changing global perspective entrepreneurship development is a resilient concept today not only because of industrial growth and business ventures but also a solution for unemployment and for the socio-economic prosperity of the community. In case of handicraft, craft forms a significant sector in India, not only because of their intrinsic cultural and aesthetic value but also because of promising potential for economic development. The North East region of India enjoys a pride of place in the country with heritage of artistic craftsmanship. An entrepreneurship development process is a judicious blend of management and risk orientation process for profit maximization. For the growth of the entrepreneurship in the craft sector efficient management plays an important role .Moreover, some of the socio-economic attributes contribute greatly to construct the whole behavioral complex of entrepreneurship management and performance of the enterprise holistically.