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Sri Lankan Internal Displacement (IDP) population escalated at a soaring rate subsequent to the historical military triumph over Tamil Eelam (Civil War) rebellions. Cataclysms of the prolonged insurgence disrupted livelihood activities thus imposing socio-economic impediments amidst thousands of displaced people. Among the affected, women were considered as most vulnerable. Owing to the loss of their counterpart family burdens shifted on their shoulders, in making them the de facto heads of households. These women engaged in numerous entrepreneurial activities in diverse sectors of the economy in order to supplement their families. These women entrepreneurs found nothing than war ruins on their return hence, facing immense constraints to continue their livelihood activities as addressed, dependence rate also very high and current initiatives taken by the government/INGOs, were not sufficient and prevailing with some issues of their assistance programmes. There is requirement to make them independent entrepreneurs by providing training, changing mind sets for adaptation of the new livelihood. Further adaptation strategies by using local resources were discussed.