The main purpose of this study is to find out the financial impact on demonetization in India for small scale industries/businesses. This study trying to found out what consequences faced by small scale industries during the period of demonetization, and how they are overcoming with it as the days are passing by. As the moves the negative impacts are encroaching louder new form the small scale industries. While in the long run, the economy will be benefited from the reduction of black money. Demonetization, in my opinion, is an extremely bold step taken by Prime Minister, especially when a large portion of the economy is run on cash transaction and economy is run on cash transaction and economy is largely how people feel and economy is largely how people feel and interpret the situations, which are being faced by small scale industries in India especially.