Fungi are playing an important role in forest ecosystem like decomposition of organic matter, cycling of nutrient and transport of minerals. About 1.5 million fungi as reported worldwide belong to different family among which Russulaceae is considered as one of greatest family. It has approximately 2000 species in entire world. Near about 180 species belong to the genus Russula and 92 species belong to the genus Lactarius under Russulaceae have been reported from India till now. This ectomycorrhiza group is playing a great role in biodiversity conservation. The recent study has been focused on characteristic analysis (morphology & anatomy) of Russula and its economical aspect. There were 6 species of Russula collected from Bishnupur forest. It was noticed that Russula are easily grown in the soil of Bishnupur forest than other adjacent areas especially Russula aciculocystis richness was very high around 57.1%. About 50% only edible, 33% inedible and 17% medicinal with edible nature of Russula have been reported currently. Monthly distribution in monsoon is also noticed where the population was 31% in July, 52% in August and 17% in September respectively in Bishnupur forest.