Festivals are considered as the sector of cultural and traditional heritage. People around the world do celebrate festivals irrespective of caste, region, Religion and bring joy and prosperity. Festivals are celebrated monthly, seasonally and annually. In spite of bringing joy and prosperity, celebrating festival bring various impacts (social, Economical & environmental) to the host community or region. Nowadays scholar gives important to study more about the impacts cause by festivals celebration. Many scholars published various types of articles based on positive and negative impacts given by the festival celebration around the world. The paper also aim to study about Ningol Chakkouba festival of Manipur and the significant impact to the Manipur society from celebrating it.