The fisheries sector of Sri Lanka means of livelihood for 2.6 million people and the vast majority of them are involved in small scale fisheries. The study was taken up with the objectives of to identify social &political membership status of small scale fishery value chain members, to assess the level of decision making power of both men and women, identification of the governance: who has power to decide what to produce, when to market, what price, to whom to sell and evaluate the level of entrepreneurship and level of leadership of both men and women in small scale fishery value chain. The study methodology included rapid market chain analysis to collect primary data and assessment of the level of decision making power & identification of the governance was done by using the Gender in Value Chains Practical Toolkit (Agri-ProFocus 2012). The study identifies the majority of value chain members of small scale fisheries are having strong membership status in both social and political aspects and decision-making power of production, distribution &marketing decisions are mainly governing by men while women invest their resources, making decisions in relation to fish processing activities, very little on retailing and have autonomy in household income managing. And also in analysis of both level of entrepreneurship &level of leadership, women got high score than male. Further, limited number of studies touched this area and our efforts tried to identify gaps of feminism in small scale fisheries &empower the role of women by providing equal opportunities.