The Handloom industry being a part of the Indian culture and tradition, it is one of the oldest cottage industries in India diffused widely through the country. Handloom Industry of Gangarampur of West Bengal enjoys a prominent place in the handloom map of rural India. This study is aimed to address these reasons by investigating the present socio-economic conditions and spatial pattern of variation in social wellbeing (by using two indicators of development like Household Quality of Living Index and Standard of Living Index) and problems of the handloom industry that are affecting badly (by using Principal Component Analysis). It is found that the industry is dominated by the male workers with very low level of educational level. The weavers are facing a number of challenges like financial constraint, inability to purchase up-to-date machineries, poor working condition, drop off in wages, increased price of yarn, the absence of government support, lack of domestic market and demand and so on. Schemes are not executed properly and all of the money and the facilities not reached to the grass root people. So that planning execution is essential by which local people could get those facilities properly.