Medicinal and aromatic plants can be a source of sustained income to the inhabitants of hilly areas, traders, hakims, pharmaceutical and allied industries. The survey brought forth some important facts and figures about floristic composition, status of medicinal and economic plants. At present exploitation of this renewable natural resource is not carried out on scientific lines and thus this resource is not fully utilized. Suggestions have been made for better utilization and the strategy to be adopted to improve marketing channels and their impact on socio-economic conditions of the local communities.