Environmental Impact Assessment (EIA) is a widely used tool to evaluate the potential impact of any given activity on the environment. The present work mainly evolves around the most developed agro-product and industry, the developing agro-product and industry and the potential for development agro-product and industry of Nanded district of Maharashtra. The study tries to investigate the environmental impact of these economical activities. Three basic components (use of fertilizers, pesticides, and safe disposal of wastes) of these activities have been selected to study their environmental impact and risk. Although the study has revealed that there is environmental risk in the study area pertaining to these economic activities however the study also works to provide Environmental risk management techniques for the environment as a whole.