Entrepreneurship plays a significant role in developing and contributing to the economy of a country. It leads to the creation of capital as well as led to the generation of many social benefits. Women entrepreneurs comprise approximately one-third of all entrepreneurs worldwide. Unfortunately, entrepreneurship is not much popular and common in the developing nation like of India and more specifically the agrarian state of Assam. It means that the pace of women entrepreneurship development is very slow in the country and most of the women are still engaged in unproductive activities. It is same in case of Lakhimpur and Chirang districts of Assam. As half of the total population of Assam is women so, women’s participation in economic activities is highly required epically to release them from other unproductive work and to enhance the economic condition of Assam in general. In this paper, an attempt has been made to find out the nature of product produced by the women entrepreneurs in lakhimpur and Chirang Districts of Assam; to find out the problems and prospects of women entrepreneurship in the study area. The study is descriptive and analytical in nature and is based on both primary and secondary data. The descriptive statistics have been used to analysis the data. The findings clearly depict that the different types of products like textile and beauty parlour-based product produced by the women entrepreneurs and there are many problems such as dearth of capital, negligence by financial institutions, orthodox thinking, male dominance, lack of proper education and balance between family and work have been faced by the women entrepreneurs. Regarding the prospects of women entrepreneurship development, handloom & textile-based unit, tourism units, food processing unit, agriculturally based unit and sericulture-based units has been found in the study area.