Sri Lanka’s first confirmed COVID-19 patient was identified on the 11^th of March, 2020; after the Wuhan outbreak in December, 2019. Sri Lankan health authority had a great challenge on this imperils and transmissible respiratory syndrome coronavirus since it doesn’t have an effective medicine and 21.4 million people of the country should be managed sustainably; minimizing health impacts first and subsequently socio-economic losses. Sri Lankan Government has taken every step to manage these one to one contradictory situations at a middle point with the support of security forces and health sector professionals, extending various preventive and management strategies, under the provision of quarantine and prevention of diseases law no. 12 of 1952. Beyond the all-controlling mechanism, a total of 18,841 people were infected with coronavirus, and 12,903 cases recovered, and death reported-73 in Sri Lanka (Epidemiology Unit-Colombo, 19^th November 2020). Hence, this study was carried out to identify the socio-economic challenges and impacts on human wellbeing due to Covid-19.